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JPY Firms on Report BoJ Policy Could Be Reviewed in New Year

  • Bloomberg reports that the Bank of Japan are said to see the possibility of conducting a policy review next year.
  • JPY stronger and now through yesterday's low on that headline.

Key parts of the story:

  • Any review is unlikely before Kuroda steps down in April, and wage demands (review in mid-March) as well as the global economic backdrop will need examining beforehand.
  • The piece specifically flags that "one theoretical result is a move away from Kuroda’s ultra-easy policy stance, but it could also end up reaffirming the existing framework. "
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