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MNI INTERVIEW: The Bank of Japan is likely to...>

BOJ
BOJ: MNI INTERVIEW: The Bank of Japan is likely to push up the 10-year Japanese
government bond yield gradually above +0.2% as vaguely worded "forward guidance
for policy rates" would not stop the bank from raising rates, a former senior
BOJ official told MNI in an exclusive interview.
- "The forward guidance is created to get (Deputy Governor Masazumi) Wakatabe, a
reflationist board member, to agree on the policy statement and also to
discourage foreign investors from expecting a stronger yen from the statement,"
said Hideo Hayakawa, a former BOJ chief economist and currently senior executive
fellow at Fujitsu Research Institute.
- For full story see MNI Main Wire at 09:06 BST 08/07, or contact us for access.
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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