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BOJ to Stand Pat, Signal Rising Inflation Pressure
The Bank of Japan is seen sitting tight on policy while adjusting its view of inflation risks Tuesday, with Governor Haruhiko Kuroda expected to emphasize his commitment to continued easing in pursuit of the bank’s distant price target. All 48 economists surveyed by Bloomberg see the bank making no changes to its interest rates or asset purchases at the end of its two-day meeting. In a quarterly economic forecast, the BOJ is seen raising its inflation projection from 0.9% for the year starting in April. Considering rising global inflation pressures, the BOJ board is also likely to discuss whether it’s still ... (full story)