A New Era Emerges at the Bank of Japan
Asia Centric by Bloomberg Intelligence
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Japan's Monetary Policy
Audrey Ueda: I started to get a lot of attention last year when the current governor, Karuda, announced some tweaks in the curve control strategy. And that's obviously a big game changer because that's the first step before potentially raising interest rates. This is taking Japan out of a long period of negative interest rates. The matter of the fact is that it's not a question of if rates will go higher, but when will rates go higher? Medium term is obviously a bullish new framework for the yen.
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