Something for your Espresso: 1-1.5 years of inaction? Not so fast
The Bank of Japan left us in the dark on whether monetary policy is now on autopilot for 1-1.5yrs, while a committee figures out how to exit the YCC program. Changes to the statement suggests that the policy CAN be changed.
![Something for your espresso](https://stenoresearch.com/wp-content/uploads/2023/01/Something-for-your-espresso.png)
The Bank of Japan left us in the dark on whether monetary policy is now on autopilot for 1-1.5yrs, while a committee figures out how to exit the YCC program. Changes to the statement suggests that the policy CAN be changed.
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