Economics
90% of Analysts See BOJ Adding Stimulus Over Virus Hit: Survey
- Bank seen raising 6 trillion yen ETF target by 63% of pollees
- Economists forecasts economy to shrink 2.6% in first quarter
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The Bank of Japan is likely to add stimulus next week to combat a recent plunge in stocks, a surge in the yen and an escalating coronavirus pandemic that threatens to trigger a deep recession.
That’s the view of 90% of 41 economists surveyed by Bloomberg ahead of the bank’s next meeting on March 18-19. Most of the analysts said they see the BOJ stepping up asset purchases to stabilize markets, as Governor Haruhiko Kuroda pledged earlier this month to do.
Click here for the survey’s full results.