Bank of Japan Expected to Maintain Ultra-Low Rates Despite Inflation Rise
- A Reuters poll found 52% of Japanese firms want the BOJ to focus on financial market stability.
- of economists polled by Reuters said the BOJ is unlikely to unwind its ultra-easy policy at its April meeting and will likely keep its yield curve control policy unchanged.
- Only 11% of economists said the BOJ will start scaling back monetary stimulus at its April meeting, while 41% said June is more likely.
- Economists pushed back their forecasts for when the BOJ will end negative short-term rates.
- The BOJ is expected to maintain ultra-easy policy next week given risks like slowing global growth and uncertainty about wage increases.