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30th Jul 2024 10:02China+Daily Monitor

  • The BoJ yesterday announced a policy rate hike, despite cutting its inflation forecast for this year.
  • Governor Ueda said the Bank will continue to raise rates if growth and inflation match its expectations.
  • The real motivation for the rate increase is probably to minimise the risk of a steep JPY reversal.

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Keywords for: 1 August 2024 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence