Reaction from Stephen Innes, a Singapore-based senior trader at foreign exchange company Oanda:
“I suspect other central banks are quite happy for the BOJ to refrain from a policy shift at this time given such an outcome could spark a global bond market mini-tantrum.”
“Mixed reaction as the market on sidelines awaiting the follow-up presser.”
“Kuroda is likely to be bombarded again with questions about the bank’s exit policy at his post-meeting press conference. Whether we hear a case of central bank verbal gymnastics to avoid the problem or he provides some guidance, the reality is the low level of inflation makes it highly unlikely he will stir the pot publicly even if such discussions are going on behind closed doors.”
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