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[BNP Paribas: BOJ Likely to Continue Rate Hikes Despite Political Uncertainty]BNP Paribas Economist Ryutaro Kono Stated That Despite Domestic Political Uncertainty And A Potential Change In Japan’s Leadership, The BOJ Is Likely To Maintain Its Rate Hike Path.He Explained, "Given Strong Public Dissatisfaction With Rising Prices, Wage Negotiation Outcomes, And The Trump Administration’s Criticism Of A Weak Yen, Any New Prime Minister Is Unlikely To Push For Monetary Easing."Kono Also Warned Investors To Be Cautious About Rising Long-Term Japanese Government Bond Yields, As A Ruling Party Defeat In The July Senate Elections Could Force The Government To Accept Opposition-Led Fiscal Expansion Or Tax Cuts.
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