The BoJ is expected to remain on hold at the monetary policy meeting on July 19th-20th, according to Kohei Iwahara, Research Analyst at Natixis.
“The CPI has undershot expectations, the Bank is anticipated to slightly revise down its inflation forecast to be released after the meeting.”
“However, stronger economic growth and a weaker Yen on the back of Fed normalization still suggest higher inflation pressure going forward. Therefore, the BoJ is expected to keep the status quo with the 0% target on the 10 year JGB yield in July.”
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