Bank of Japan, Chinese growth downgrades, Microsoft – what’s … – Investing.com
Investing.com — The Bank of Japan maintained its dovish stance, acting as an outlier among most major central banks. Chinese growth forecasts receive several downgrades, but Microsoft hits a record market capitalization on the back of AI optimism.
1. Bank of Japan stays dovish
The Bank of Japan was the last of the senior central banks to meet in this action-packed week and announced earlier Friday that it has maintained interest rates at ultra-low levels as well as keeping its yield curve control program unchanged.
This was largely as expected, with new Governor Kazuo Ueda just getting his feet under the table. However, he has warned that the BoJ will eventually have to change this stance, especially as inflation rises further above the central bank’s 2% annual target.
Still, as it currently stands, the Japanese central bank remains an outlier among major global central banks, with the Federal Reserve, the European Central Bank and the Bank of England all signaling more hikes to…
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source: https://news.oneseocompany.com/2023/06/16/bank-of-japan-chinese-growth-downgrades-microsoft-whats-investingcom_2023061646185.html
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