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Markets disappointed with Bank of Japan as yen hits new lows

From think.ing.com

The Bank of Japan's statement was much shorter than those previously. It consisted of just three sentences, so it didn't provide much information about future guidance or policy preferences. This may be because the quarterly outlook report was published at the same time, and the outlook often gives much more detailed information about the BoJ’s view on the economy. It could also be the BoJ's intention not to give out too much information as the Bank would like to take a 'wait-and-see' approach after the big decision in March. Having said that, it simply stated that: It was a unanimous decision to keep the ... (full story)

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  • Category: Fundamental Analysis