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Some 70% said there was a risk to their main scenarios that the bank could move by July, with 17% specifically flagging June.The poll results indicate wariness among economists over the stance of Governor Kazuo Ueda and his fellow board members after Tuesday’s first rate hike in 17 years. Ueda said Thursday that the BOJ moved this week partly because it wanted to avoid having to rapidly raise rates if it moved too late. That remark suggests a shift in his thinking was already underway in the run-up to this week’s gathering. He had previously maintained there was little risk of falling behind the curve, in contrast to the US and Europe.Still, more than three-quarters of those polled said Ueda’s signaling of his intentions is good or very good compared with 9% who said it’s bad.
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