Barclays Bank: The Bank of Japan's meeting next week is not expected to have any major surprises.
Barclays Bank expects that the Bank of Japan will stand pat next week and will adhere to its existing forward guidance without making major adjustments. Barclays Bank points out that given that real interest rates are at extremely low levels, the Bank of Japan should still "continue to reiterate its willingness to raise rates further based on improvements in economic activity and prices." Additionally, they also note that the selling of the yen will also be a factor in the central bank's decision-making.
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