Do Yourself A Favor And Don’t Ignore The BoJ, Ok?

What's in a word or, in this case, four words? The Bank of Japan tweaked its language on inflation overnight in what was one of the more closely watched meetings in a while. The bank now says inflation expectations are "more or less unchanged", as opposed to "weakening." That might not seem like a big deal, but it is. For one thing, this is Japan we're talking about. If inflation expectations have stopped falling, well that's a big step for them and if the BoJ is prepared to acknowledge that