Bank of Japan to Maintain Easing as Suga Takes Japan’s Top Job

The Bank of Japan is widely expected to keep its stimulus untouched later Thursday as newly elected Prime Minister Yoshihide Suga inherits the job of leading a recovery from the country’s worst economic crisis in decades.

Some 95% of 44 economists surveyed by Bloomberg see the BOJ leaving its interest rates and asset purchases untouched. The decision comes after parliament Wednesday picked Suga, Japan’s longtime chief cabinet secretary, to succeed Shinzo Abe. Suga says he plans to continue his old boss’s economic policies, which include support for aggressive BOJ easing.