There was no indication that the Bank of Japan would take a more hawkish stance at its January meeting.

Bank of Japan stated that existing yield curve control must be maintained because of the expectation that it will take some time to achieve the 2% inflation stability target. According to Jeff Ng of MUFG, recent salary agreements will certainly sustain inflation at its elevated historical levels....

TOKYO STOCKS END LOW OVER FALL IN TECHNOLOGY ISSUES

Highlights –

• Tokyo stocks end low over fall in technology issues.
• The 225-issue Nikkei Stock Average ended down 116.59 points, or 0.40 percent.
• Topix index of all First Section issues on the TSE finished 0.49 point, or 0.03 percent.

BOJ BEGINS A TWO-DAY POLICY MEETING ON WEDNESDAY TO ASSESS THE ECONOMY

Highlights –

• BOJ begins a two-day policy meeting on Wednesday to assess the economy.
• BOJ in July had forecasted the economy to shrink by 4.7 percent in fiscal 2020.
• The central bank also forecasted the consumer price index to drop by ...