With this year’s Shunto resulting in larger pay hikes than anyone had anticipated, we now expect the Bank of Japan to end both negative interest rates and Yield Curve Control at the upcoming meeting on 19th March. However, we still don’t think that price pressures are strong enough to warrant further policy tightening over the coming months.
We’ll be discussing the outlook for inflation, monetary policy and the implications of higher Japanese rates for domestic and global financial markets in a 20-minute online briefing at 8am GMT/4pm SGT on 19th March. (Register here.)
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