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9/28, 2:45 AM (Source: TeleTrader)
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Market sentiment remains favorable - BoJ minutes

Bank of Japan's members agreed that market sentiment has remained favorable on the whole despite becoming "nervous" temporarily due to speculation about the United States Federal Reserve's monetary policy conduct.

"Overseas economies had recovered on the whole, albeit with variation across countries and regions," the board concurred. However, one member underscored the importance of not raising key interest rates prematurely as there is still a long way to go to achieve the price stability target of 2%.

The members said that the central bank will continue to monitor the impact of the coronavirus and that it will not hesitate to implement further monetary easing in order to maintain the stability of the financial system and ensure a timely recovery.

Breaking the News / NL