Bank of America: Trade agreement reduces uncertainty, and the Bank of Japan may adjust its policy tone this week

ChainCatcher news, according to Jinshi reports, economists at Bank of America stated in a report that the Bank of Japan may signal a shift towards a less dovish stance.

The market generally expects that at this week's monetary policy meeting, the Bank of Japan will maintain the policy interest rate at 0.5%. However, considering the recent trade agreement between Japan and the United States, it may adopt a less dovish tone. This agreement has reduced a significant uncertainty, which the Bank of Japan had pointed out as a reason for delaying tightening policies.