Morning Bid: Inflation first big test for BOJ's Ueda

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Morning Bid: Inflation first big test for BOJ's Ueda
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A look at the day ahead in Asian markets from Jamie McGeever.

took over earlier this month. He has insisted that the current monetary easing will remain in place for now, damping down prospects of a shift at his debut policy review on April 27-28, in which the central bank reviews its inflation and growth forecasts.

Ueda's dovish comments have certainly been welcomed overseas. Foreign investors poured nearly $12 billion into Japanese equities last week, their biggest weekly net purchases since at least January 2018. The flash purchasing managers index reports for Australia and Japan are released on Friday. Australian manufacturing and services activity contracted in March, as did Japan's manufacturing sector.- Japan inflation

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