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Goldman, Morgan Stanley say BOJ's latest move will boost Japanese stocks

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... Read More
Posted: Jul 31 2023, 03:55
Author Name: forexlive
Views: 080898

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