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BOJ mulls changing inflation forecasts over travel program

Bloomberg The Bank of Japan (BOJ) is likely to consider changing its inflation forecasts to reflect the short-term impact on prices of a government travel campaign at its policy meeting next week, according to people familiar with the matter. The central bank will probably discuss cutting its price projection for the year ending in March to account for the downward ...

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Swiss lender UBS lines up $1.5b for buybacks

Bloomberg UBS Group AG posted better-than-expected third-quarter profit and set aside $1.5 billion for share buybacks next year as Chief Executive Officer Sergio Ermotti prepares to hand over to Ralph Hamers. The Zurich-based wealth manager — the world’s largest — followed US banks in reporting earnings that benefited from increased market volatility and higher transaction-based income. It also unexpectedly saw ...

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Thai central bank chief signals support amid uneven recovery

Bloomberg Bank of Thailand’s new governor said he’s looking into new measures to boost the economy as it faces a long and uneven road to recovery from the coronavirus pandemic. The policy response to the economic crisis should be long term, factoring in challenges likely to arise over the next two years, Governor Sethaput Suthiwart-Narueput told reporters at his first ...

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