BOJ announce no change to policy, as expected ...Middle East

The BOJ's main policy planks remain unchanged:short-term interest rate target -0.1%10-year bond yield around 0%, but flexible up to 1% (in October 2023 the Bank made it even more flexible by saying the 1% bound is only a ‘reference’) Makes no changes to forward guidance on monetary policy ---No change to core-core inflation forecasts: Core-core CPI fiscal 2023 median forecast at +3.8 vs +3.8% in October Core-core CPI fiscal 2024 median forecast at +1.9% vs +1.9% in OctoberCore-core CPI fiscal 2025 median forecast at +1.9% vs +1.9% in October But core forecasts trimmed Core CPI fiscal 2023 median forecast at +2.8% vs +2.8% in October Core CPI fiscal 2024 median forecast at +2.4% vs +2.8% i

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