The bank’s current governor, Ueda, is expected to emphasize this alteration, marking a significant departure from the earlier ‘behind-the-curve’ strategy. This transformation could be perceived as the BoJ shifting from a reactive approach to one that is more proactive and centered on data.
If ANZ’s forecasts prove accurate, this less dovish stance by the BoJ could potentially bolster the yen marginally. This change would denote a novel strategy for Japan’s central bank, which would then rely more heavily on economic data than on potential future easing measures.
The world will be closely observing Governor Ueda as he navigates this crucial turning point for Japan’s monetary policy at the meeting on Friday. The statement from the BoJ is slated to be released within a time window of 02:30 to 03:30 GMT. As he metaphorically walks a tightrope between stability and the potential benefits of change, Governor Ueda’s decisions could have significant implications for Japan’s financial landscape.
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Source: Economy - investing.com
