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  • President Trump met PM Takaichi in Tokyo, marking the start of a new 'golden age' for US-Japan relations. 
  • The BoJ held rates in October, citing the ongoing trade uncertainty and need to monitor wage trends.
  • A next hike in Q1 seems more probable now, as rhetoric teeing up a December move was lacking.

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Keywords for: 31 October 2025 China+ Monitor

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