BOJ's new policy approach takes shine off its inflation forecasts
From channelnewsasia.com
The Bank of Japan is shifting to a more discretionary approach in setting policy, with less emphasis on inflation, sources said, as the central bank maps its monetary path following the historic decision to end a radical stimulus programme in March. With monetary settings seen on hold, market players are focusing on the BOJ's fresh quarterly growth and price projections due at its April 25-26 policy meeting, for hints on how soon it may hike rates again. While the central bank is expected to project inflation to stay around its 2 per cent target through early 2027, such forecasts alone won't serve as strong hints of ...
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