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BOJ to heighten scrutiny on rising prices, yields at policy meeting
The Bank of Japan is expected to keep policy unchanged on Friday but will likely consider if tweaks to ultra-loose monetary settings need to be made as bond yields rise and inflationary pressures persist. Markets are focusing on comments from Governor Kazuo Ueda's briefing, to be held after the bank's two-day policy meeting, for clues on how soon the bank could phase out the massive stimulus programme of his predecessor. All economists surveyed in a Reuters poll expect the central bank to maintain its short-term interest rate target of -0.1% and that for the 10-year bond yield around 0%. Many analysts also expect the ... (full story)