BOJ Watchers See Ueda Standing Pat Now, Tweaking YCC by October
- October emerges as most likely month for a move, survey shows
- More than 80% of polled economists see no change at July meet
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Bank of Japan watchers have pushed back their expectations for policy change again, with less than a fifth of them now predicting an adjustment of the bank’s yield curve control in July.
Some 82% of 50 economists in a Bloomberg survey said they expect the BOJ to stand pat in July, with the proportion of them expecting tweaks or a scrapping of YCC this month shrinking to 18%. Last month almost a third of polled analysts said the central bank would change policy in July.