What that mean about boj to close to call
3/12/2024 02:10pm
The Bank of Japan (BOJ) is considering exiting negative interest rates, which means that it may soon raise interest rates. This has led to a rise in the yen against the dollar, as investors speculate about the timing of the exit. The BOJ has not yet reached a consensus on when to end negative rates, and recent weak economic data may keep the board divided. However, some policymakers have called for an overhaul of the ultra-loose monetary policy, including an exit from negative rates. The outcome of big firms' annual wage talks is seen as a key factor in the timing of the exit. Analysts expect the BOJ to end negative rates by April. The yen may continue to rise against the dollar if the BOJ ends negative rates, as it would signal a more hawkish stance by the central bank.