Image Source: PixabayGlobal markets and macro
As for today’s BoJ meeting, markets are largely expecting the BoJ to hold steady, but the focus should be on how the recent weakness in JPY would affect the policy decision and also what the BoJ will project about its future inflation and growth. We expect the inflation outlook for FY24 and FY25 to be revised up to 2.6% and 2.1% respectively and the forecast for FY26 to be 2.0%, suggesting sustained inflation.
What to look out for: BoJ and Singapore IP
Japan Tokyo CPI and BoJ (26 April)
Australia PPI (26 April)
Singapore industrial production (26 April)
US personal spending, Univ of Michigan sentiment and PCE core (26 April)
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