Japan: Rates unchanged, slightly softer view |
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The Bank of Japan (BoJ), as expected, left its leading O/N target rate unchanged at 0.5% in a unanimous decision at today's monetary meeting. BoJ's "View of the Economy" and the press briefing was slightly soft but overall there were only minor changes compared to the July view. Looking more closely at the details, there were only minor changes in the BoJ "View of the Economy", now released as part of the policy statement. The August statement "economic growth has been sluggish" has replaced
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