Kuroda to Stick With Easing After Fed’s Hike: Decision Day Guide
- Market relief following Fed eases some of pressure on BOJ
- Focus remains on any tweaks or language to address weak yen
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The Bank of Japan is expected to continue with monetary easing Friday as traders closely watch for any adjustments or surprises to address recent pressure on yields and the yen.
The central bank kicks off a two-day gathering Thursday hours after the Federal Reserve raised interest rates by 75 basis points, its biggest hike since 1994. Fed Chair Jerome Powell’s comments suggested a string of super-sized rate hikes was not in the pipeline, remarks that offered some relief for markets and eased downward pressure on the yen for now.