The BoJ interest rate decision tomorrow
The BoJ is scheduled to release an interest rate decision tomorrow. With rates at an already low level, even for Japan, we have to wonder what direction the BoJ will take. The BoJ is not known for being the most proactive central bank out there but even they can't ignore the past few months of dismal data across the board - aggregate demand, capital spending, exports, unemployment data, purchasing expectations and even housing are all painting a dismal picture.
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