BOJ Deputy Governor Wakatabe Signals No Policy Change in March

Bank of Japan Deputy Governor Masazumi Wakatabe signaled there will be no policy change next month shortly before the end of his term and warned against further adjustments to the central bank’s yield curve control program.

The remarks by one of the strongest easing advocates of the nine-member board come after the BOJ’s surprise December decision to double the movement range around its yield target. That move has continued to fuel speculation that steps toward normalization may materialize sooner rather than later.