The Bank of Japan (BoJ) is likely to continue phasing out its massive stimulus next year starting with a tweak to its dovish policy guidance, said Nana Otsuki, a banking sector expert and a member of a government panel on deregulation.
December 23, 2022 | 12:02 am is likely to continue phasing out its massive stimulus next year starting with a tweak to its dovish policy guidance, said Nana Otsuki, a banking sector expert and a member of a government panel on deregulation.
By the middle of next year, the central bank will likely conduct an examination of its policy framework and tweak its dovish forward guidance to lay the groundwork for an eventual exit from ultra-loose monetary policy, she said. But the hurdle for raising the 0% target for the 10-year yield will likely be high as doing so would be tantamount to monetary tightening, she said.ect of changing the yield target level would be huge. The BoJ will likely to wait until it determines that an expected US recession hit bottom,” Ms. Otsuki said.
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