Sunday, April 1, 2007

Tankan sentiment dips slightly, BOJ seen on hold

(Reuters) - The closely watched March tankan survey did little to change the widespread view that the central bank will be slow in raising interest rates, with many traders expecting the next rate hike to come sometime after upper house elections in July.

The dollar edged a tad higher against the yen right after the tankan release but held mostly steady just below 118 yen. Investors in the Japanese government bond and stock markets largely shrugged off the survey.


Read more at Reuters.com Business News

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