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16 Mar Fund managers, bankers and foreign diplomats are hurrying to meet France's far- right National Front to learn more about its programme, in a.
28 Jul Policy decisions by some of the world's leading central banks are undermining confidence and fueling volatility in markets.
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Description:While the Fed and the BoJ are moving in opposite directions - the US central bank raised interest rates in December andis now debating when to undertake a second rate hikewhile the BoJ is implementing a programme of aggressive quantitative easing QE - their policies have failed to live up to the expectations of investors. On Wednesday, the US central bank injected yet more uncertainty into markets by leaving open the possibility that it could tighten policy as early as September as a result of diminishing risks to its economic outlook. The Fed has wrong-footed investors so many times that markets are betting it will turn more dovish once again. This has contributed to an 11 per cent rise in the yen against the dollar since late January, precisely the opposite of what the central bank intended with its negative rate policy. This provided a fillip to Japanese stocks and put downward pressure on the yen.
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