Wednesday, July 11, 2007

BoJ Rate Decision Vote

The fact that the BoJ vote on holding the interest rate were it is came in at 8-1 is causing a bit of a stir:"The 8-1 vote left an impression that BOJ board members were more cautious about a rate hike than previously thought, spurring short covering in bonds," said Takeo Okuhara, a bond strategist at Daiwa Institute of Research.Now back at the end of June Morgan Stanley's Takehiro Sato

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