Central Banks
Top Japan Bankers See Negative Rates to Stay as BOJ Roils Market
- BOJ unlikely to raise rates unless outsider picked: person
- Lukewarm reaction contrasts with banking share surge last week
Outside the Bank of Japan (BOJ) headquarters in Tokyo.
Photographer: Noriko Hayashi/BloombergThis article is for subscribers only.
Top executives at Japan’s biggest banks are expecting negative interest rates to linger and see little immediate earnings boost after a surprise move by the nation’s central bank pushed lenders’ shares up by 13% last week.
Earnings won’t enjoy a meaningful lift unless the Bank of Japan scraps negative interest, according to three senior executives, who asked not to be identified discussing central bank policy in public.