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MNI BoJ Review - September 2022: The Last Remaining Dove Doubles Down

EXECUTIVE SUMMARY

  • The BoJ’s latest decision met wider expectations in the main, as the Bank made no changes to its benchmark monetary policy settings and forward guidance.
  • Kuroda’s post-meeting press conference pointed to steady monetary policy settings well beyond the end of his term, although a combination of a weaker JPY and stubbornly elevated inflation may generate some political pressure under a new Governor.
  • JPY intervention garnered plenty of market attention on the day.
  • Click to view full review: MNI BoJ Review Sep 2022.pdf
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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