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Japan: BoJ leaves interest rate unchanged

Posted by admin
Mei 28, 2008

As widely expected Bank of Japan (BoJ) left its leading interest O/N target rate unchanged at 0.5% in a unani-mous decision. In addition, BoJ left its view of the economy broadly unchanged in the Monthly Economic Report published in connection with today’s monetary meeting (see page 2). Overall there have been no major changes in BoJ’s view of the economy despite the recent spike in inflation, see Flash Comment - Japan: Out of deflation - we raise our inflation forecast and the surprisingly

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