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Former Fed vice chair Clarida says the BOJ policy rate could be hiked to 0% by early 2024

Clarida is now a Pacific Investment Management Co (PIMCO) managing director and the firm's global economic advisor. He posted his thoughts on the Bank of Japan. In brief: After seeing years of disinflation or outright deflation, Japan’s policymakers are comfortable with the above-target inflation seen since early 2022. Under the new leadership of Governor Kazuo Ueda, we’ve already seen several changes at the BOJ, including a material adjustment in July to its yield curve control (YCC) strategy...
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Posted: Oct 6 2023, 07:00
Author Name: forexlive
Views: 082842