BOJ reportedly said to be hesitant to cut rates next week

Dow Jones reports

The BOJ is reportedly said to see no urgent need to join in on coordinated rate cuts as it approaches next week's policy meeting.

I don't think this comes as much of a surprise considering the fact that they don't have much ammunition - similar to the ECB yesterday for example.

So, it looks like it'll just be the expansion of ETF purchases then.

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