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A Reminder Of Our Policy Team's Thinking

BOJ

Against this market backdrop/in the wake of comments from BoJ Governor Ueda it is worth highlighting our Tokyo policy team’s latest insight piece, in which they flagged their understanding that “the Bank of Japan's board remains divided over whether sufficient evidence of sustainable wage inflation exists to justify a move away from negative rates, meaning Governor Kazuo Ueda's opinion will carry more weight, though officials still hope to achieve consensus.” Our Tokyo team has previously suggested that the Bank could end its negative rates policy in April,

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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