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Bank of America: Trade agreement reduces uncertainty, the Bank of Japan may adjust its policy stance this week.
[Bank of America: Trade Agreement Reduces Uncertainty, Bank of Japan May Adjust Policy Tone This Week] Economists at Bank of America stated in a report that the Bank of Japan may signal a shift towards a less dovish stance. The market generally expects that the Bank of Japan will maintain the policy interest rate at 0.5% during this week's monetary policy meeting. However, in light of the recent trade agreement between Japan and the United States, it may adopt a less dovish tone. This agreement has reduced a significant uncertainty, which the Bank of Japan has pointed out as a reason for delaying tightening policies. ( Jin10 )