On June 14th, Jin Shi data, Hirofumi Suzuki, chief forex strategist at Sumitomo Mitsui Banking Corporation, expressed surprise that the Bank of Japan did not make a decision to reduce bond purchases this time. The Bank of Japan stated that it will decide on the specific bond purchase reduction plan for the next one to two years at the next meeting. Therefore, this result is considered dovish. For the forex market, this may be one of the reasons for the depreciation of the yen.

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