BOJ Watchers Expect Delay in Rate Hikes With Lower Terminal Rate


At the same time, most analysts, including BNP Paribas’ Kono, said they expect the central bank to maintain its stance for normalization, partly due to US pressure on Japan not to intentionally weaken the yen. The BOJ is also contending with persistent inflationary pressure, with consumer price gains running at or above its 2% target for around three years.



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