The decision on the monetary policy of the Bank of Japan. THIS NIGHT!
Dear traders,
According to analysts’ forecasts, on Friday, as a result of its two-day meeting, the Bank of Japan will also maintain the current monetary policy, including the interest rate at the level of -0.1%. In this statement, the Bank of Japan will point to a slight improvement in the economic picture of the country.
After the announcement of the decision on the interest rate, the Governor of Japan Haruhiko Kuroda will hold a press conference. Kuroda’s statements will be carefully analyzed to assess his attitude to the recent rise in inflation and the possible effect of this growth on current monetary policy.
Investors will also appreciate Kuroda’s statements about the yen’s rate in the light of its recent rise in price against the US dollar.
Recently, several signals have appeared that indicated that due to improved economic forecasts and inflation, the central bank of Japan is preparing to wind down its quantitative easing program.
The third in the world economy of Japan for the last three months of last year recorded quarterly growth for the eighth consecutive time. This is the longest period of the continuous growth of the Japanese economy after 12 quarters of growth in a row in the 1980s.
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Have a good evening!
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