FOCUS: BOJ's perceived hawkish tilt to be tested after rate hike

The Bank of Japan went ahead with its second interest rate hike this year, defying the dominant market view that the shaky state of the Japanese economy would deter the dovish central bank from taking such a risk.Combined with a reduction in government bond purchases that would herald a new era of quantitative tightening for the BOJ, the rate increase decision raises the question of whether the Japanese central bank's perceived hawkish tilt is real.The yen got an immediate boost from the policy change decision but its persistent weakness, blamed on the BOJ's aggressive monetary easing, is i…READ FULL ARTICLE