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Bank of Japan expected to keep rates on hold this week — CNBC survey
The Bank of Japan (BOJ) is likely to keep its benchmark interest rate unchanged this week as it awaits greater clarity on domestic wages and spending trends as well as policy changes by the incoming administration of U.S. President-elect Donald Trump, according to a survey of economists polled by CNBC. A slim majority of 13 out of 24 economists, or 54%, said BOJ is likely to keep its benchmark interest rate unchanged at 0.25% at the end of its two-day meeting on Thursday. The same number of economists expect the Japanese central bank to raise rates in January. The survey was conducted between Dec. 9-13. The BOJ, ... (full story)
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