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. According to the Summary of Opinions from its latest meeting, published on Thursday, the Bank of Japan reaffirmed its commitment to maintaining the s....