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ING On Today’s BOJ Decision

BOJ VIEW

ING note: "For the central bank with the longest history of unorthodox policies, doing yet more of the same seems a particularly pointless exercise, even if other central banks (Federal Reserve, European Central Bank) seem determined to do so with tweaks to their inflation targets under the guise of strategic reviews. Japan has already raised its inflation target once before, in 2013 (up from 1% to 2%). The result of which was that the BoJ simply missed its target by an even wider margin each month."

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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