Central Banks
World’s Last Negative Rate Experiment Nears Its End in Japan
- Economists and bond traders see hike coming in March or April
- Verdict on negative rates mixed; weaker currency a key benefit
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The Bank of Japan is widely expected to scrap the world’s last negative interest rate in the coming weeks, marking the closing act of global central banks’ grand experiment with unorthodox policies.
Governor Kazuo Ueda is forecast to raise the short-term rate from -0.1% either next week or in April in what would be the first rate hike in Japan since 2007, according to economists and bond traders.