Bank of Japan watchers moved forward their forecasts for an end to negative interest rates after Gov. Kazuo Ueda touched on that possibility in an interview published over the weekend.
All 46 economists surveyed by Bloomberg over the past week said the BOJ will stand pat on policy at next week’s board meeting, with half expecting authorities to abandon the subzero rate by the end of June.
Last month, 31% predicted a rate hike within that time frame. Some 9% of respondents in the latest survey see the BOJ adjusting or discarding its yield curve control (YCC) mechanism in October.
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