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BOJ Surprise Can’t Be Ruled Out in First Move of 2023

  • Chinese data to reveal lockdown damage, US retail sales due
  • Lagarde and others head to Davos for World Economic Forum
The Bank of Japan (BOJ) headquarters in Tokyo.

The Bank of Japan (BOJ) headquarters in Tokyo.

Photographer: Noriko Hayashi/Bloomberg
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The Bank of Japan returns to the spotlight this week after it shocked global financial markets in December with a tweak to its stimulus program. 

While all but one of 43 economists in a survey forecast the central bank to leave policy unchanged on Wednesday, many say they can’t rule out more action.