Bank of Japan decision! Don’t miss!
Dear traders,
According to forecasts the Bank of Japan will keep its current monetary policy as a result of its two-day meeting early in the morning on Wednesday (preliminary, at 5:30 Kyiv time), including the interest rate at the level of -0.1%. The Bank of Japan will keep the 10-year government bond yield target at around zero percent .
Economists predict that the central bank will debate whether escalating global trade tensions could undermine its confidence that the export-reliant economy will sustain a moderate expansion.
In July, the Bank of Japan announced that it will retain a large-scale financial incentive program, but will make small changes to it in order to avoid the negative impact of monetary policy on markets and commercial banks.
Japan and the US will likely hold a second round of trade talks on Friday between Economy Minister Toshimitsu Motegi and US Trade Representative Robert Lighthizer.
Tokyo wants to avert steep tariffs on its car exports and fend off U.S. demands for a bilateral free trade agreement.(Investing.com)
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Have a nice evening!
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