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Japan's Nikkei 225 closed more than 1% higher on December 19 after the BOJ left its negative interest rate policy unchanged at its final meeting of the year. The yen weakened 0.6% to 143.70 per dollar after the decision.
The BOJ warned of extremely high uncertainty and said core inflation would stay above 2% through fiscal 2024.
Analysts expect the BOJ to end negative rates around April 2024, so a yen move on that timing would affect Japan's dollar-priced feed import costs, with minimal direct impact on grain prices.
cnbc.comShreyashi Sanyal, Lim Hui JieDec 18, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
