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Bank Of Japan Speculation Reaches Fever Pitch
There's something amusing about employing the term "early" to describe a prospective Bank of Japan exit from extreme monetary accommodation.
The yen and JGBs grabbed a few headlines Thursday amid speculation the bank may be closer to raising rates than most traders anticipated.
Before we get carried away, let's not forget that even if Kazuo Ueda exited negative rates later this month, that wouldn't be "early." The rest of the developed world just finished up the most aggressive rate-hiking cam
