FMP
Jun 12, 2024 6:31 AM - Parth Sanghvi
Image credit: Jase Bloor
The Bank of Japan (BOJ) is set for a policy meeting this week, and analysts are predicting a cautious approach. While a rate hike might seem like the next logical step after the BOJ's first increase in 17 years back in March, the recent lack of inflationary pressure suggests they might hold off for now.
Here's what to watch:
Diverging Paths: This cautious approach by the BOJ stands in contrast to central banks in other parts of the world, like the US Federal Reserve, which are raising rates more aggressively to tame inflation.
What to Look For: Keep an eye out for the BOJ's official announcement after their meeting. It will reveal their decision on bond purchases and any commentary on future policy direction. This will be crucial for understanding the path forward for Japanese monetary policy.
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