BOJ: Deflation Legacy = Continued Caution

As expected, the Bank of Japan (BOJ) raised interest rates 25bp to 1.25% at its September meeting. The decision reflects the resilience of the Japanese economy, and the ongoing inflation risk emanating from the conflict in the Middle East. However, life is likely to become more complicated for the BOJ. Specifically, I expect economic growth … Continue reading BOJ: Deflation Legacy = Continued Caution