Markets watch how BOJ keeps door open to further rate increases
T. Rowe Price’s David Clewell says the key at this week’s BOJ meeting is how firmly it keeps the door open to further rate increases to avoid yen depreciation against the dollar. Markets are focused on the policy path beyond this week.
The main focus at this week’s Bank of Japan meeting is how clearly it keeps the option open for further rate increases, David Clewell of T. Rowe Price said, as policymakers look to avoid a material weakening of the yen against the dollar. Markets are also looking beyond this week for clues on the direction of monetary policy, the co-portfolio manager said.