Preview of the Bank of Japan meeting, via Scotia. This in summary from a much longer piece:No change in the target rate of 0.1% is expectedForecast updates will be delivered with this decision and could be key in terms of further informing market pricing for roughly an additional 20bps of tightening later this year. An added key could be guidance on whether and when to begin shrinking the size of the BoJ’s massive balance sheet after ending yield curve control at the last meeting.Scotia point to new developments since the last full forecast meeting in January (the BOJ changed policy at the March meeting):Spring Shunto union wage negotiations set wage hikes at the fastest in decades oil price
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