January 17, 2023 05:01 GMT
MNI BoJ Preview - January 2023: Stick Or Twist
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We would suggest that the Bank will have a preference towards holding policy settings steady and lean into this as our baseline pre-meeting assumption.
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Fig. 1: 10-Year JGB Yield Vs. Japan 10-Year Swap Rate (%)
Source: MNI - Market News/Bloomberg