BoJ Preview: Forecasts from eight major banks, another dovish hold BOJ USDJPY InterestRate Macroeconomics Banks
The central bank is expected to maintain its benchmark rate at -0.1%, while policymakers will probably leave unchanged the yield-curve control that aims to keep the yield of the 10-year government bond at around 0%.“We expect the BoJ to keep policy settings unchanged, despite rising concerns over CPI inflation. The central bank is likely to pay more attention to weak Q3 growth and improving financial market conditions.
to make no change to the current monetary policy. We also think his successor, to be appointed in the spring, will continue with YCC although tweak the policy slightly.”“We expect the BoJ to once again push back on speculation of a change in policy. We argue that conditions in Japan are falling into place for a possible change in stance next year but Governor Kuroda will conclude that it is premature for any change.”“The two-day BoJ meeting should end with another dovish hold.
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