Economics
BOJ to Extend Covid Aid as Virus Fight Drags On, Survey Shows
- Economists see bank leaving its main policy levers untouched
- Policy divergence with Fed seen weakening the yen even further
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The Bank of Japan is seen standing pat on its main policies at next week’s meeting, while tinkering on the margins of its toolkit by extending aid for pandemic-hit businesses as the country’s fight against the virus drags on.
Some 89% of 44 economists surveyed by Bloomberg see the BOJ keeping in place its negative interest rate and asset purchase settings, with most seeing no change for the foreseeable future.