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  • The BoJ will likely hold rates at next week’s meeting due to war-related uncertainty, according to a media ‘leak’.
  • June is the next likely window for a move, but the BoJ will hold off till it has clarity on a potential peace deal.
  • Exports rose, driven by post-LNY demand; the Hormuz impact on imports will likely be felt in April’s data.

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Keywords for: 23 April 2026 China+ Monitor

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