Economics
Bank of Japan Likely to Strengthen Stimulus Next Week
- Bank seen likely to take more aggressive stand on asset buying
- Lower negative rate still seen unlikely without sharp yen move
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The Bank of Japan will likely expand its stimulus measures at its meeting next week as it seeks to limit the blow from the coronavirus outbreak and reassure volatile markets, according to people familiar with the matter.
The central bank is likely to show a more aggressive stance on buying assets such as exchange-traded funds, the people said. Whether the BOJ will raise its 6 trillion yen ($58 billion) ETF-purchasing target remains unclear and could depend on the severity of market conditions at the time of the meeting, they added.