The Path for Future Bank of Japan Policy Normalization!
3/19Bank of Japan(hereafter, the BOJ)announced the withdrawal of negative interest rates, and the dollar/yen exchange rate rose from the 149 yen level to the mid-151 yen level for a time. This article examines the impact of such forex market reactions on the process of normalizing the BOJ's monetary policy. It also explains the implications for the dollar/yen rate.
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