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

view original post

From bnnbloomberg.ca

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)