Bank of Japan showed no sign of making a hawkish shift in its January meeting
Publishing timestamp: 2023-01-26 00:37:28
Summary
The Bank of Japan has maintained its current monetary policy, including its yield curve control, and is aiming for a 2% inflation target. MUFG Bank's Jeff Ng said that the latest round of wage negotiations is likely to keep inflation at its historically high levels. The Bank of Japan is continuing to purchase Japanese government bonds to keep the yield curve within its preferred range. Sumco, Canon, JGC Holdings, and Fast Retailing have all pledged to increase wages, and the Bank of Japan is expected to review its ultra-accommodative policies when a new governor is appointed in April.
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