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Here Comes One Of The Most Anticipated Central Bank Announcements In A Long Time

Joe WeisenthalJan 22, 2013, 07:01 IST

Sometime in the next couple of hours, the Bank of Japan is expected to to announce its next rate decision.

This meeting, and the expectations of a an aggressive move, have been anticipated by traders (particularly currency traders) for a long time.

The expectation is that it will increase its inflation outlook to 2.0%, bringing it more in line with the goals of the new PM.

Anything else would be quite a shock.

In the meantime, the yen is a little bit stronger, as is the Nikkei.

We'll have the full decision.