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BOJ

So, a placeholder decision from the BoJ, meeting expectations, with the Bank leaving its headline monetary policy settings as they were, while the tweaks to the BoJ's economic projections will be inconsequential re: monetary policy. The Bank continued to highlight the downside risks for the economy in COVID times.

  • Elsewhere, the board extended the deadlines for loan disbursements under the Fund-Provisioning Measure to Stimulate Bank Lending and the Fund-Provisioning Measure to Support Strengthening the Foundations for Economic Growth. This was flagged as a potential move by some analysts ahead of the meeting, and isn't particularly material, with a focus on prolonging easy credit conditions as the economy works through the impact of COVID.
  • Onto Kuroda's press conference, with focus on the Bank's ongoing policy review expected.
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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