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Goldman, Morgan Stanley say BOJ's latest move will boost Japanese stocks
Bloomberg (gated) have the comments from Morgan Stanley and Goldman Sachs. Morgan Stanley say:Opportunities in Japanese equities are “now even clearer” the BOJ adjustment on Friday to allow the yield on 10-year bonds to trade as high as 1% has “successfully added policy flexibility without signaling a tightening cycle”noted that sustained monetary tightening by the BOJ over next 12 months is unlikely and that further gains in banks may be limitedGoldman’s:the “BOJ overhang” appears to have been...
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Posted: Jul 31 2023, 03:55
Author Name: forexlive
Views: 080898