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Firmer On Initial Comments

JGBS

JGBs firm on Ueda’s initial comments as he sounds a lot like Kuroda, with a desire to foster demand-pull inflation, deeming the current policy settings “appropriate” while pointing to the need for more time for inflation to sustainably hits the BoJ’s target, as well as a need to assess the data when conducting monetary policy. Let’s keep an eye on any potential rhetoric re: side effects of ultra-loose policy settings and potential normalisation matters.

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

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