More BOJ Watchers Shift Hike Forecasts, Seeing January Unlikely
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More Bank of Japan watchers joined those pushing back their predictions for the end of negative rates in the wake of the New Year’s Day earthquake and recent remarks by Governor Kazuo Ueda.
BNP Paribas SA, Deutsche Securities and Mitsubishi UFJ Morgan Stanley Securities pushed back their forecasts, joining Morgan Stanley MUFG Securities in saying the bank is unlikely to scrap the negative rate at its Jan. 22-23 meeting.