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BOJ may hold fire until next year as election looms

From reuters.com

The Bank of Japan is set to hold fire next week and may also defy market expectations of action in December, pushing back any further monetary stimulus until early next year to size up the policies of a new government, sources say. That scenario is based on expectations that the Japanese economy will go through a shallow recession, and those familiar with the central bank's thinking say it still stands ready to act if the economy takes a sharp turn for the worse. Markets expect the central bank to come under more pressure for action given that polls suggest opposition leader Shinzo Abe will become the next prime ... (full story)

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