A New Era Emerges at the Bank of Japan
Asia Centric by Bloomberg Intelligence
00:00
Rida Silva, Steven Lamb, Are You Going to Tow the Line?
The market was hoping for a pretty punchy, hawkish delivery to come from here. If you listen to the confirmation hearing and the kind of messaging that we've had from him since then, it feels like in the very near term,. It'd be a smooth transition and more of the same. I think no one really saw it coming. We kind of all contemplated the BOJ would eventually have to move away from its ultra-loose monetary policy context. The timing was a bit of a surprise, and that's why the yen rallied so much. So I think now, for Rida, it's a continuation of what was started and initiated, and I think the cautious and gradual
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