2024-02-04 04:29:00
Officials in the Bank of Japan have grown increasingly confident that the economy is robust enough to attempt an imminent exit from the world’s remaining negative interest rates.
Bank of Japan officials are increasingly confident that Japan’s economy is strong enough to attempt an immediate exit from the world’s only remaining negative interest rate policy.
The central bank has become more bullish on its inflation outlook due to rising momentum for wage increases and growth in service sector prices, strengthening views within the BoJ that the ending of its ultra-loose monetary policy, in place since 2016, could come as early as March.
The central bank is more optimistic about its inflation outlook as rising wages and service sector price growth gain momentum, reinforcing views within the BOJ that ultra-loose monetary policy in place since 2016 could end as early as March.
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