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BoS: Strong growth in Japan will not herald tighter monetary policy or stronger JPY

Strong second-quarter economic growth in Japan is unlikely to result in tighter monetary policies or a sustained rebound in the country’s currency, according to Bank of Singapore. Japan’s economy grew at 4% in the second quarter, well ahead of 2.6% growth in the US and a 2.3% gain in the eurozone. “Japanese GDP data tends to be volatile and subject…

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