Central Banks
BOJ’s Kuroda Faces Balancing Act to Avoid Tanking Yen
- BOJ expected to keep negative rate and 0.25% yield cap
- Japan intervened in currency market after last BOJ meeting
Haruhiko Kuroda
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Bank of Japan Governor Haruhiko Kuroda faces another key test of his decade-long term Friday as he tries to stick with rock-bottom rates without triggering the same kind of yen slide that prompted currency market intervention after last month’s meeting.
Kuroda and his fellow board members will maintain the world’s last remaining negative interest rate among major central banks at the end of a two-day meeting, according to all 49 economists surveyed by Bloomberg. The central bank will also keep its 0.25% cap on 10-year government debt and its asset purchases, they say.