Bank of Japan Gov. Haruhiko Kuroda will likely keep the central bank’s main policy levers unchanged next week, mere hours after another major rate hike from the Federal Reserve, BOJ watchers said in a poll.
All 49 of the polled economists said the central bank will leave its yield curve control program and asset purchases unchanged at the end of the two-day policy meeting Thursday.
That would likely maintain downward pressure on the yen, as the BOJ’s policy distance from the Fed widens. The BOJ gathering typically ends around noon, and would follow the Fed announcement at 3 a.m. Tokyo time.