Central Banks
BOJ’s Ueda Likely to Hold With Bond Market on His Side for Now
- Weak pay, election risk, Ueda’s dovish tone suggest no change
- Third of polled economists see chance of YCC move next month
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A less-distorted bond market, continued weakness in wages and the threat of an early election are among the reasons the Bank of Japan is expected to keep policy unchanged at this week’s gathering.
Governor Kazuo Ueda has also repeatedly signaled his intention to take time before making any major changes to the central bank’s stimulus.