Gov. Haruhiko Kuroda will be at risk of shifting the yen toward further weakness by holding on to the message that the Bank of Japan must carry on with monetary easing, hours after another major interest rate hike from the U.S. Federal Reserve.
Kuroda and his fellow board members are set to conclude a two-day meeting Thursday, and are expected to keep both the yield curve control program and asset purchases unchanged, according to all 49 economists surveyed by Bloomberg.
No major action from the BOJ is likely to bestow a new title to the outlier central bank soldiering on amid the global tightening cycle. The Swiss National Bank is forecast to scrap its negative rates late Thursday afternoon, leaving the Japanese bank as the lone member of central banking’s subzero world for the first time.
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