Why Did The BoJ Stick To Its Guns And What Will Likely Be Its Next Move?

Going into the BoJ meeting this week, 20 out of 23 analysts–including HSBC–had expected the policy board to extend the duration of its fixed-rate funds-supplying program (essentially a Japanese LTRO) to two years or longer (currently, the duration is capped at 1-year). The absence of policy a…

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Why Did The BoJ Stick To Its Guns And What Will Likely Be Its Next Move? – HSBC

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