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Central Bank Focus

BoJ Stays Dovish as Japan’s Inflation Stands Apart

by Felix-Antoine Vezina-Poirier, Chief Strategist  

The Bank of Japan’s dovish hold does not contradict BCA’s underweight JGBs and long JPY recommendations. The BoJ left its policy rate unchanged at 0.5% for a second meeting, but slashed its GDP and inflation forecasts for 2025 and 2026. Nevertheless, the…

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