• chances high that BOJ chooses rate cut over more bond buys

  • cutting rates has smaller costs than asset purchases

  • expects asset purchases to get harder for BOJ to make

  • better for BOJ not to make monetary base target a range

  • its not right for a central bank to make target value

  • BOJ should target 1% inflation first

  • inevitable for BOJ to delay timing of hitting CPI goal

  • hard for foreign bonds to be accepted as BOJ tool

*via forexlive

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