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UBP: BoJ tapering not likely for now

Although markets are starting to consider the prospect of BoJ tapering, UBP notes that it may be too early for such measures, given sufficient supplies and the current macro environment, retaining its overweight position on Japanese equities and its hedged position on USDJPY. “The term ‘dearth of supply’ has reemerged, meaning that investors are willing to listen to reported news that the…

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