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Rising Business Confidence Supports Potential BoJ Policy Shift

Business sentiment in the Bank of Japan's December Short-Term Economic Survey of Enterprises (Tankan) shows continued improvement for large enterprises. The latest figures indicate +12 for large manufacturing firms and +30 for large non-manufacturing companies, rising from 9 and 27, respectively, in the September survey. The report supports the improving activity picture and our view that the BoJ is about to move away from its NIRP in one of the next 2 meetings, with increasing odds it could happen as soon as the upcoming meeting on Dec 18/19. #BoJ #TankanSurvey #EconomicOutlook #JapanEconomy #MonetaryPolicy #BusinessSentiment #FinancialMarkets #NIRP


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