#7 - Breaking: 3 reasons why the BoJ decision is NOT a gamechanger
Macro Mondays
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The Bank of Japan's Plan to Normalize Monetary Policy
In the short term, that's what they aim at, right? So now they can actually conduct monetary policy instead of just being the executioner of the rules. And obviously from here, if we get a hard inflation print, the Bank of Japan will be tested. But it will be data dependent and they can turn up and down volumes of purchases to a much more flexible extent than what they've been able to so far.
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