Note

BOJ OFFICIAL: EVEN IF NEGATIVE RATES ABANDONED, ACCOMMODATIVE CONDITIONS WOULD REMAIN

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Bank of Japan (BoJ) Executive Director Tokiko Shimizu said on Thursday that inflation has so far been driven by cost-push factors. Shimizu further stated that even if negative rates were abandoned, accommodative conditions would remain.

Market reaction

At the time of writing, USD/JPY is trading 0.08% lower on the day at 148.04.


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