Posted 1/4/2024, 11:19:34 AM
Japan Quake Complicates Bank of Japan's Plans to End Negative Rates
- Powerful earthquake in Japan makes it harder for Bank of Japan to end negative interest rates this month
- Speculation growing that Bank of Japan will end negative rates in April 2024 or later instead of January
- Yen falls to 144.30 per dollar, weakest level since March 2022, on shifting expectations for interest rate policy
- Analysts say earthquake likely to depress economic activity, lead to supplementary budget for recovery
- In contrast to 2011 disaster, yen not expected to strengthen much due to Japan's trade deficits