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JPY crosses edge higher in lieu of the BoJ's....>

YEN
YEN: JPY crosses edge higher in lieu of the BoJ's latest MonPol decision,
whereby the Bank left its MonPol settings unchanged, with a 7-2 vote re: YCC
matters, as Harada & Kataoka dissent.
- The Bank trimmed its CPI outlook, cut its FY18 growth outlook, and nudged its
FY19-20 GDP exp. slightly higher.
- The BoJ noted that downsides risks to the economy and inflation had grown.
- The Bank has decided to extend its lending scheme to support growth
foundations for another year.
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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