Central Banks
BOJ Set to Stick With Easing as Markets See Clock Ticking on YCC
- 82% of economists see no BOJ changes, a fifth expect YCC tweak
- Bank to lift FY23 CPI view to around 2.5%, people familiar say
The Bank of Japan (BOJ) headquarters in Tokyo.
Photographer: Toru Hanai/BloombergThis article is for subscribers only.
The Bank of Japan is widely expected to stick with its negative interest rate this week, leaving the focus on whether it will risk complicating its stimulus message by tweaking its cap on benchmark yields.
Since taking the helm in April, Governor Kazuo Ueda has repeatedly pushed back against the idea that a major pivot on policy is looming by emphasizing his persistent doubts about the sustainability of recent price growth in Japan.