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The development efforts, which included the construction of roads, accommodation facilities, and other essential infrastructure, were intended to transform Lumbini into a world-class pilgrimage and tourist destination.
Market participants are closely monitoring the BOJ’s announcements, with the central bank scheduled to release its quarterly outlook on inflation and economic growth alongside any policy changes on Wednesday. Despite some recent signs of inflation, including a yen rally and stock market declines, the prevailing sentiment suggests that the BOJ will prioritize economic recovery over immediate monetary policy shifts.