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Kyodo reports BoJ is considering leaving rates on hold in December

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Kyodo reports BoJ is considering leaving rates on hold in December

Key points
  • Kyodo News reports that BoJ is considering leaving rates on hold at December meeting in view of US economic uncertainty and desire to confirm domestic wage developments

  • "Trump risk" cited as main reason; Bank may have decided that rate hike can wait despite concerns about further weakness in yen

  • How would Governor Ueda justify leaving policy on hold when Trump risk is unlikely to disappear anytime soon?

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