Speculation is swirling that the Bank of Japan may move to exit the world's last negative rate policy as early as next week, when policymakers gather for their March meeting.
"We continue to expect that the BOJ will terminate NIRP in April," Goldman Sachs economists led by Tomohiro Ota wrote in a Tuesday note, referring to the negative interest rate policy.
"While a March rate hike cannot be ruled out, we believe that the BOJ's communications at this juncture are not clear enough to justify assuming the March hike as the base case scenario."
"The Bank of Japan has no right to keep monetary policy where [they are now].
The economy is not in any shape or form to have that ultra-loose monetary policy and quantitative easing, which we have been calling a major policy error," Amir Anvarzadeh, a market strategist at Asymmetric Advisors, told CNBC Tuesday.
Persons:
Goldman Sachs, Tomohiro Ota, Kazuo Ueda, Amir Anvarzadeh
Organizations:
Bank of Japan, Asymmetric Advisors, CNBC
Locations:
NIRP, Japan