The Bank of Japan will have to remain 'on guard and prepared to do more' amid the present global uncertainty, says Kathy Matsui of Goldman Sachs.
, but the central bank will have to remain "on guard and prepared to do more" amid the present global uncertainty, said the chief Japan strategist at Goldman Sachs, Kathy Matsui.
Japan reported Friday that gross domestic product grew at an annualized rate of 1.8% in the second quarter which ended in June, preliminary data from the Cabinet Office showed. It was much better than a median forecast for a 0.4% growth.. The country's central bank has been struggling to meet an elusive inflation target of 2%.
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