Last Friday, the Japanese central bank maintained its ultra-loose policy and left rates unchanged, mindful of the “extremely high uncertainties” on the growth outlook.
Or, are investors just too eager in parsing for any hints the BOJ is finally doing away with its ultra loose monetary policy that they become unwitting victims of confirmation bias?
in an interview published Sept. 9 that the BOJ could have sufficient data by the end of this year to determine when it could end negative rates. , where he said the"sustainable and stable achievement of the price stability target of 2%, accompanied by wage increases, has not yet come in sight." "It wasn't as if any time frame for achieving our price target had changed. I thought that by ruling out the possibility completely would bind the discussion of upcoming policy-setting meetings," Ueda said Friday at a press conference following the release of the BOJ policy statement, in a Reuters translation of his comments.loosened its yield curve control at its July policy meeting
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