Economists polled by Reuters are expecting a 1.5% rise in exports in China, a reversal from the 7.5% fall seen in the past month.
Asia-Pacific markets were mixed on Thursday as investors awaited April trade numbers from China and assessed salary data from Japan.
The BOJ said"if this outlook will be realized, then in about two years, the price stability target of 2% will be achieved in a sustainable and stable manner," resulting in a future policy rate higher than what is being factored in by the market.The 2.5% drop in March was faster than the 1.8% recorded in February, as rising costs outpaced nominal wages.
"With markets oscillating between pricing different scenarios, asset class volatility could remain elevated. Investors can mitigate such volatility and keep their portfolios on track by diversifying and balancing across asset classes," the investment head said in the Wednesday note, adding that quality bonds in a portfolio, and oil and gold for portfolio hedges, are attractive plays for investors in this environment.
Boston Fed President Susan Collins said Wednesday that it is likely to take longer than expected to get inflation back down to the central bank's goal, but noted that policymakers should be wary not to wait too long to start normalizing interest rates.
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