The Bank of Japan headquarters is seen in Tokyo on January 30, 2017.
The Bank of Japan will pull the plug on its eight-year negative interest rate policy in April, according to more than 80% of economists polled by Reuters, marking a long-awaited major shift from a global outlier central bank.
The Bank of Japan will pull the plug on its eight-year negative interest rate policy in April, according to more than 80% of economists polled by Reuters, marking a long-awaited major shift from a global outlier central bank.
Nearly the same proportion of economists, 76%, also expect the BOJ to scrap yield curve control at that meeting, with almost all saying ultra-loose monetary conditions will end then, just months before many major central banks are expected to start cutting rates.
The BOJ is on track to end negative interest rates in coming months despite Japan's economy slipping into a recession, sources have previously told Reuters.
Persons:
Yoshimasa Maruyama
Organizations:
Bank of Japan, The Bank of, Reuters, Bank of, Nikko Securities, Daiwa Securities, D Asset Management
Locations:
Tokyo, The Bank of Japan, Bank of Japan