0017 GMT - JGB futures consolidate in the morning Tokyo session amid expectations that the Bank of Japan will stand pat at its two-day meeting that begins Tuesday. "We see a near-zero likelihood of a hike and expect the central bank to keep the policy rate unchanged at 0.5%," two members of BofA Global Research say in a note. Focus will likely be on Gov. Ueda's post-meeting news conference, specifically the BOJ's assessment of recent data and hints on timing of next hike; 2) the BOJ's stance on recent tightening in financial conditions, they add. JGB 10-year futures are 0.01 yen higher at 138.15 yen. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 16, 2025 20:18 ET (00:18 GMT)
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