BOJ unlikely to tighten policy in January, focus on preparations for banks ...Middle East

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An analyst at Daiwa in Japan is dismissing the idea of a January Bank of Japan policy pivot.Its “quite unlikely” the BOJ will move away from negative short term rates at the January meeting.Arguing that a monetary tightening would not help the economy, tightening is "not really desirable in theory"What the BOJ will do though, “I think the BOJ will lay the groundwork for banks to make preparations (for a change)” I posted earlier on UBS not expecting much form the Bank of Japan either:UBS analysts caution against getting too excited about the Bank of Japan doing anythingICYMI, the BOJ heald steady its meeting this week:ForexLive Asia-Pacific FX news wrap: BOJ policy left unchanged, JPY weake

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