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18th Mar 2024 17:39China+, Daily Monitor

  • The BoJ raised interest rates for the first time in 17 years, while ending YCC and risky asset purchases.
  • At the press conference, Governor Ueda’s rhetoric on the future path of the policy rate was neutral.
  • Japan’s monetary policy should stay accommodative unless significant inflationary pressures mount.

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Keywords for: 20 March 2024 China+ Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence