Bridgewater’s Jensen Says BOJ Won’t Be Bullied by Traders’ Bets

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The Bank of Japan is unlikely to be pressured into raising rates, Bridgewater Associates Greg Jensen said, even as traders are betting it will join peers with a monetary-policy surprise this week. “I’m pretty confident they’ll move on their own timeline and that they won’t be bullied into this move,” the hedge fund firm’s co-chief investment officer said Thursday in an interview on Bloomberg TV, adding “they have plenty of firepower to prevent it.” The BOJ, which has been keeping a lid on government bond yields since 2016, is scheduled to meet on Friday. While Japan’s policy makers are expected to … (full story)