Economics
Kuroda’s BOJ Set to Become World’s Last Negative Rate Holdout
- Fed, Bank of England, Swiss National Bank all seen hiking
- BOJ’s outlier stance risks triggering further yen slide
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The Bank of Japan’s outlier status is set to become even more acute this week with central banks from the Federal Reserve to the Swiss National Bank expected to raise borrowing costs.
Bank of Japan Governor Haruhiko Kuroda and his fellow board members are seen standing pat at the end of a two-day meeting Thursday that comes just hours after the Fed unleashes what’s likely to be a third-straight interest rate hike of 75 basis points.