MONETARY AFFAIRS
Review: BOJ on Hold in October, While Keeping the Door Open For a December Hike
by Brunello Rosa and Nato Balavadze
31 October 2024
In this paper we discuss:
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The BoJ's assessment of the Japanese economy, which remains subject to international developments;
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The BoJ's decision to keep rates unchanged in October, while keeping the door open to a December hike;
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The revision to the growth and inflation outlook;
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The market reaction to all the above.
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