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Pictet WM: Policy normalisation in Japan “still very far away”

Pictet Wealth Management says Japan’s central bank will likely keep its qualitative and quantitative easing (QQE) programme in place for the foreseeable future, owing to stubbornly low inflation in the country. “The further delay in achieving the inflation target, combined with the inflation overshoot commitment, implies that policy normalisation by the BoJ is still very far away,” Pictet WM says…

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