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Bank Of Japan Rate Guidance Eyed After Chaos. Bank Of England Faces Big QT Decision
The Fed's not the only game in town this week.
On Friday, the Bank of Japan will deliver its first policy decision since July, when a second rate hike in four months and hawkish forward guidance destabilized an already wobbly macro-market Jenga tower.
The BoJ won't hike again this week. That much is certain. But Kazuo Ueda needs to walk a fine line with any forward guidance. His influential deputy Shinichi Uchida offered a mea culpa of sorts on August 7, 48 hours after Japanese equities suffer
