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    Taking a cautious stance on India as country gets into a busy political season, says Citi Private Bank

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    Taking a cautious stance on India as country gets into a busy political season, says Citi Private Bank

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    Ken Peng, Asia Pacific investment strategist at Citi Private Bank spoke to CNBC-TV18 about the Bank of Japan (BoJ) policy stance and its impact on the global markets.

    Ken Peng, Asia Pacific investment strategist at Citi Private Bank spoke to CNBC-TV18 about the Bank of Japan (BoJ) policy stance and its impact on the global markets.
    Peng said that BoJ’s yield control policies have reduced banks' profitability and reduced liquidity in the Japanese capital market.
    “The actual policy might not change today. If that is the case then the market already folded in quite a lot of the potential changes. In any case I do not think the BoJ is going to end its quantitative easing programme prematurely,” he said.
    “If we do see a dip in dollar-yen, this probably would be an interesting buying opportunity,” Peng added.
    Talking about the US Federal Reserve, he said, “Among the four central bank meeting this week, the Fed is probably the least interesting.”
    “The US economy is doing well but it has been doing well for a while and the expectations and reality seems to be fairly evenly matched. So I do not think the Fed is in a hurry to become more hawkish and there aren’t any reasons to become more dovish. I am not looking for any fireworks,” said Peng.
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