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BoJ To Guide Short-Term Rate To 0-0.1% - Nikkei

BOJ
  • Nikkei write that the BoJ’s lead plan is to guide the short-term rate to 0-0.1%.
  • The Nikkei piece doesn't state the source but adds to prior pieces across a variety of media outlets of the BoJ guiding towards exiting negative rates at next week's meeting.
  • Earlier today, headlines from JiJi suggested the BoJ is making final arrangements to end NIRP at next week's meeting. This isn't a surprise given pre-Rengo announcement news flow and the outcome of the wage talks.
  • Assuming the BoJ does exit NIRP next week, focus will quickly fall to any guidance provided, and indeed, USDJPY looked through these latest Nikkei headlines.

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