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BOJ Expected to Hold Fire This Week After Fed, ECB Decisions
The Bank of Japan will leave monetary policy unchanged this week as easing trade tensions and calmer financial markets relieve some of the pressure to act, according to a Bloomberg survey. About three quarters of 48 economists said the BOJ will leave policy unchanged at the end of a two-day meeting Thursday, hours after the Federal Reserve is forecast to cut interest rates. The European Central Bank last week cut rates and revived bond purchases, part of a global policy shift that has raised expectations the BOJ will follow suit. Still, nearly half of analysts surveyed said the BOJ would add monetary stimulus in some ... (full story)