According to the latest Reuters poll, almost half of the economists surveyed believe that the Bank of Japan could withdraw its ultra-easy monetary policy between March and October of next year.
Additional comments
“Of the 26 economists surveyed, 11 believe that the central bank will withdraw its ultra-easy monetary policy between March and October“.
“Half, that is, 13, state that the BoJ will not reduce its policy until 2024 or laterand two still expect further relaxation of policy to be the next move.”
“The most common means suggested by analysts for the BoJ to scale back stimulus would be to adjust its forward guidance, according to 15 respondents.”
“Expanding the long-term yield cap range from 0.25% was chosen by nine, while seven chose to raise the 10-year yield target from 0%.”
“Japan’s annualized growth forecast was raised to 3.3% for the current quarter, but lowered to 0.8% for January-March.”
“Analysts slightly raised Japan’s inflation forecasts for each quarter through April-June 2023, and now Core consumer prices are expected to rise 2.8% in the current fiscal year and 1.8% in fiscal 2023respectively.”
This comes a day before the BoJ’s monetary policy announcement on Tuesday.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
