Posted 2/18/2024, 7:44:00 AM
BOJ Likely to End Negative Rates This Spring Despite Looming Recession
- BOJ on track to end negative interest rates in coming months despite recession
- Focus is on whether strong 2024 wage hikes will be repeated in 2025 negotiations
- Weak GDP figures make April (not March) meeting more likely for ending negative rates
- Delaying exit risks accelerating yen decline, hurting consumption via higher imports
- Key upcoming data revised GDP, March wage negotiations, April tankan survey, mid-April regional economy updates
