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MNI INTERVIEW: March Action Chance Rises - Ex-BOJ Sakurai

(MNI) Tokyo
(MNI) TOKYO

The BOJ has set the stage for a potential March exit, one former board member tells MNI.

Recent Bank of Japan communications and results from spring wage negotiations have increased the chance of policy adjustment at the upcoming March 18-19 meeting, a former BOJ board member told MNI.

“The BOJ stands ready to exit from easy policy anytime,” noted Makoto Sakurai in an interview, pointing to a recent speech by Deputy Governor Shinichi Uchida and recent releases, such as the January meeting’s summary of opinions. “Everything is all arranged and a final decision depends on Governor (Kazuo) Ueda’s determination.”

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Recent Bank of Japan communications and results from spring wage negotiations have increased the chance of policy adjustment at the upcoming March 18-19 meeting, a former BOJ board member told MNI.

“The BOJ stands ready to exit from easy policy anytime,” noted Makoto Sakurai in an interview, pointing to a recent speech by Deputy Governor Shinichi Uchida and recent releases, such as the January meeting’s summary of opinions. “Everything is all arranged and a final decision depends on Governor (Kazuo) Ueda’s determination.”

Keep reading...Show less