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BOJ Monetary Policy Navigator

BoJ seen raising rates in view of upside risks to "underlying inflation"

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BoJ seen raising rates in view of upside risks to "underlying inflation"

Key points

  • We still expect BoJ will raise policy rate to 1.00% at June 15-16 MPM

  • Governor Ueda emphasized greater focus on upside risks to "underlying inflation" in speech on June 3

  • Rare for MPM to be held with governor absent; attention likely to focus on press conference of Deputy Governor Uchida, his first public appearance in some time

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