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Stock impact report

Bank of Japan set to keep rates steady as Iran war clouds outlook [Yahoo! Finance]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Company Research Source: Yahoo! Finance
hawkish signals to leave itself scope to push up borrowing costs in coming months ?to counter inflationary pressure from the Middle East conflict. The U.S.-Israeli war with Iran has complicated the BOJ's efforts to ?raise still-low interest rates gradually to levels deemed neutral to the economy, seen by markets at around 1.5%. Markets are focusing on the BOJ's quarterly outlook report and ?comments from Governor Kazuo Ueda for clues on how the protracted Iran war affects its rate-hike path. At a two-day meeting ending on Tuesday, the central bank is widely expected to keep its short-term policy rate steady at 0.75% as fading prospects of a near-term end to the Iran war keep markets volatile. Hawkish board member Hajime Takata may propose hiking the policy rate to 1.0%, though it is likely to ?be turned down by the board as had ?been the case in the past two meetings. "Even if it were to keep rates steady this time, the BOJ is probably unwavering in its resolve to continue w Show less Read more
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