Expect no changes in policy from the BoJ on Friday – TDS – by hareshmenghani BOJ CentralBanks InterestRate Inflation Banks
The Global Strategy Team at TD Securities offers a brief preview of the upcoming Bank of Japan “We expect no changes in policy from the BoJ at its 28 April meeting. Governor Ueda has maintained the BoJ's dovish stance, highlighting that the Bank will stay the course until 2% inflation is sustainably reached .”
“At a minimum, we would expect the BoJ to offer guidance on YCC and announce a review. This should not come as a surprise as this has been communicated recently, but this timewill have more flexibility to nuance the messaging now that he is fully in charge. And with the Shunto wage negotiations revealing higher than expected salary increases, and a back-up in 10y yields to close to the 0.5% top end of the YCC band, it suggests that the BoJ may still act in the months ahead.
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