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Governor Ueda’s First International Appearance Reveals The Bank Of Japan’s Influence
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The Bank of Japan's Foreign Inflows
Governor Gueda: Japan's a beneficiary of the flight out of China. In the short run this is having a small positive effect on Japanese economy through business fixed investment but in the long run there will be inefficiencies all over the place. If we normalize our policy then rates may go up by large margins such that it would require rigorous stress testing, he said. "It's nothing surprising of course because this is exactly what I've been discussing forever about the Bank of Japan"
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