Skip to main content

BoJ won’t hike rates any further

With underlying inflation continuing to moderate, we don’t expect the Bank of Japan to follow up the ending of negative interest rates with further policy rate hikes. But while the Bank has kept its bond purchases steady following the abandonment of Yield Curve Control, it seems likely that it will shrink its balance in earnest over the coming years.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.