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The Bank of Japan's First Business Day in a Decade
The new Bank of Japan governor and his two deputy governors gave a press conference yesterday. The broad message, basically, the Kuroda era of policy continues for now. This would be quite dovish over reading or a press conference or a message. It's perceived to maybe have diminished by some as this new, new, B.O.J. kind of recognize that it's appropriate to continue this current yield curve control policy and negative interest rates. So those conditions kind of all exists, right?