Economists Predict End of Decade-Long Negative Rates in Japan, Wage Growth in 2023
• Over 80% of economists predict the Bank of Japan will end its negative interest rate policy by end of 2024 • The policy has set Japan's short-term deposit rate at minus 0.1% for over a decade • In October, BOJ modified its bond yield control policy, signaling it may next end negative rates • 74% of economists expect 2023 wage growth at big firms to exceed 2022's 3.58% average • Nearly two-thirds said Japan's latest economic stimulus package is very unlikely to achieve projected 1.2% GDP growth boost