Economics
BOJ Watchers Pare Back Expectations of Future Policy Changes
- Economists see current policy settings in place for longer
- Inflation target is increasingly viewed as unattainable
This article is for subscribers only.
Economists now see a lower chance of any further changes to Bank of Japan monetary policy through the 2019 calendar year, after the central bank last week announced the most significant changes in two years.
The 42 respondents to a Bloomberg survey were unanimous in predicting no additional action this year. More than half -- 57 percent -- said they expect it only after 2019 -- up from 41 percent in the poll prior to the July meeting.