BOJ’s Ueda to Keep Easing With Market Eyeing New Move: Day Guide

Almost 90% of surveyed economists expect no change on Friday
Some flag risk of yield curve adjustments, changes to guidance

Who is Kazuo Ueda and what kind of monetary policy leader will he be as the first ever academic to head the central bank? Bloomberg’s Kathleen Hays asked relatives, former colleagues and other central bankers.Source: Bloomberg

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By Toru Fujioka

April 26, 2023 at 9:00 PM UTC

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Bank of Japan Governor Kazuo Ueda is expected to leave overall monetary stimulus unchanged at his first policy meeting Friday, with investors focused on what might be his opening changes after the BOJ’s first leadership transition in a decade.

Almost 90% of economists surveyed expect no change in the settings for interest rates and asset purchases at the end of the two-day gathering, although some of them warn there is a risk of adjustments to the yield curve control. Some 11% forecast a policy tweak and 2% predict a tightening step.