Tuesday, May 30, 2023
HomeEconomyNearly half of economists say BOJ may unwind ultra-loose policy in 2023:...

Nearly half of economists say BOJ may unwind ultra-loose policy in 2023: Reuters poll


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TOKYO (Reuters) – The Bank of Japan (BOJ) is likely to close its budget between March and October next year, nearly half of economists polled by Reuters said on Monday. The U.S. will end its ultra-loose monetary policy in March, much earlier than previously forecast.

As the debate grows over whether one of the world’s most dovish currencies is an expected shift as the economy grapples with the yen With depreciation and soaring import costs, the Royal Bank can maintain its extremely low interest rates.

of Economist Survey, The central bank is expected to unwind its ultra-loose policy between March and October, Dec 8 – The poll found. half, or , indicating that the Bank of Japan will not scale back until 267 or later, and the two still expect looser policy next.

As security risks increase and

, military strengthening and currency normalization Possibilities are two of the policy challenges facing the world’s third largest economy High annual inflation.

According to

, analysts see the most common way the BoJ removes stimulus is through its forward guidance Make fine adjustments Respondents. Extended long term yield cap range from 0.% was chosen by nine people, and seven people chose to improve The target annual rate of return is 0%.

shows a separate question 11 of Economists think than Percent chance the Bank of Japan will revise its yield curve control (YCC) program or promise to review its yield curve control (YCC) program before the end of Governor Haruhiko Kuroda’s term in April. policy framework. Two respondents from Credit Suisse and Wells Fargo Mutual Insurance said the chances of Kuroda changing before he leaves range between % with14%, while an economist at JPMorgan puts it as high as

-22% Chance.

“BoJ would never pre-announce YCC adjustments as this could cause liquidity problems in the bond market, as it did in A Australia,” said Ayako Fujita, chief economist at JP Morgan (NYSE: 267JPM) Securities, the Reserve Bank of Australia at

“Disorderly” Exits Its Yield Target .

She made a lightning correction to the long-term yield policy, such as moving it up from 0. % cap, which could come as early as next quarter, considering Haruhiko Kuroda’s remarks on Nov 2 that stabilizing 2% inflation would lead to a policy adjustment.



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