Central Banks
BOJ Meets Amid Intense Speculation Over More Tweaks: Decision Day Guide
- Most economists expect no change as a base case scenario
- Many flag the risk of a back-to-back policy shift this month
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The Bank of Japan will deliver its latest policy decision Wednesday, shortly after its massive easing program came under the fiercest market attack in the history of Governor Haruhiko Kuroda’s decade-long term.
All 43 surveyed economists except one forecast a stand pat decision as a base case scenario, after December’s surprise move roiled global financial markets. But an unusually high number of BOJ watchers say they can’t rule out the possibility of another adjustment in the central bank’s yield curve control program.