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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessGoldman Sachs Now See BoJ Scrapping NIRP In March
"Given the much stronger than expected shunto wage outcome and multiple news stories over the past 72 hours reporting that the BOJ will terminate negative interest rate policy (NIRP) in March, we are changing our forecast and now expect an exit from NIRP at this week’s March MPM. Before the first Shunto negotiated wage data release on Friday 15th, the majority of the media reported that the BOJ will discuss the termination of NIRP and only a few articles implied a policy change. But after the data release in the evening, more articles (including Nikkei, March 16) reported that the BOJ will terminate NIRP. The BOJ has not sent any signal denying the news so far. Together, these developments imply that the BOJ probably no longer needs more data for the policy change, nor to wait to justify the policy change with the quarterly Economic Outlook report in April."
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.