FLJP - Bank of Japan Opens The Door To Ending Negative Rates But Timing Uncertainty Remains
2024-01-23 11:38:00 ET
Summary
- The Bank of Japan stood pat on monetary policy today as widely expected.
- But the market is now paying attention to a more positive tone on the wage and inflation outlook, as well as an upgrade to the FY2024 inflation outlook which lays the groundwork for policy normalisation.
- We still see a slightly higher chance of a first hike taking place in June than in April.
By Min Joo Kang and Chris Turner