The Bank of Japan left policy unchanged at the end of its monthly rate-setting meeting on 9th February, but we do not expect it to wait much longer. The data summarised here in our monthly review show a strengthening economic recovery and fading deflationary pressures. This helps to prepare the ground for the end of zero interest rates, with the BoJ likely to make the first move (withdrawing some of the huge overhang of excess liquidity) in April or May.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services