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BOJ governor Ueda: The pre-announcement today is an exceptional measure

He says the decision to do so is to avoid confusion and uncertainty before next month. Well, then he probably shouldn’t have made this comment here last week. Now, that is what causes confusion. As for whether he will pre-announce rate hikes, he just notes that the decision today is an exceptional one i.e. likely not to be repeated when it comes to rate decisions.

This article was written by Justin Low at www.forexlive.com.

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