Central Banks
BOJ to Stick With Stimulus, Leave Yen to Kishida, Economists Say
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Bank of Japan Governor Haruhiko Kuroda will keep monetary stimulus unchanged next week as he stays largely unfazed by the yen’s slide to its lowest level in over three decades, according to economists surveyed by Bloomberg.
All 49 analysts expect the bank to keep its yield curve control program and asset purchases unchanged at the end of a two-day meeting on Oct. 28, according to the poll. Some 80% said it’s unlikely or very unlikely Kuroda will take some kind of action due to inflation or the weak yen before he steps down in April.