BoJ leaves policy rate on hold but may have begun preparing for rate hike
Key points
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BoJ leaves policy rate on hold at 0.5%, but latest Outlook Report is less dovish
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"Extremely high uncertainties" have become "high uncertainties," suggesting Bank may view trade agreement as having eliminated some uncertainty
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BoJ raises its inflation projections and upgrades assessment of inflation risks to "generally balanced," suggesting it may have begun preparing for resumption of rate hikes
