The Bank of Japan is seen standing pat on its main policies at next week’s meeting, while tinkering on the margins of its toolkit by extending aid for pandemic-hit businesses as the country’s fight against the virus drags on.
Some 89% of 44 economists surveyed by Bloomberg see the BOJ keeping in place its negative interest rate and asset purchase settings, with most seeing no change for the foreseeable future.
Around 60% said they expect the bank to prolong its COVID-19-era lending measures past the current expiration in September. Another 39% said they see the bank making the move next month instead.