Markets See BOJ Ending Negative Rates But Little Chance of Rate Hikes in 2023
• Markets see little chance of a rate hike cycle by Bank of Japan in 2023 despite ending negative rate policy • Two-year JGB yield positive for over 9 years, indicating expectations of end to negative rate policy • Few expect multiple BOJ rate hikes next year unlike U.S. Federal Reserve • Data suggests traders expect BOJ to end negative rates soon but do little tightening after • Nikkei Asia to be the voice of the Asian Century, celebrating next chapter with free access on Sep 30