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Explainer-Who are the BOJ's doves and hawks?
The Bank of Japan is on the verge of ending eight years of negative interest rate policy, as historical wage hikes heighten prospects for inflation to sustainably hit its 2 per cent target. But its nine-member board likely remains divided on how much support the fragile economy will need to sustain a recovery. The divergence may affect the BOJ's debate on the future pace of further interest rate hikes.The following outlines the balance between the doves in the board who would prefer to spend more time reducing the scale of stimulus, the hawks who favour acting more swiftly toward policy normalisation and the neutrals ... (full story)