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Deutsche Bank: The BoJ is running out of options
The Bank of Japan’s recent policy evolution clearly shows that policymakers are running out of options according to Deutsche Bank’s Foreign Exchange Economic’s analyst George Saravelos. In a report issued to Deutsche Bank’s clients and reviewed by ValueWalk, Saravelos writes that the BoJ’s decision to raise its inflation target beyond 2% and shift from targeting the quantity to the price of money all along the yield curve, reflects a seismic shift in policy at the bank. Unfortunately, this policy change has sent a signal to the markets that the BoJ is running out of options, rather than a proactive shift to ... (full story)
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