Bank of Japan may exit the world's last negative rates next week. Here's what you need to know
Publishing timestamp: 2024-03-13 03:50:30
Summary
Despite inflation exceeding target, BOJ has not changed its ultra-accommodative monetary policy. Speculation is swirling about a possible rate hike in March or April. Recent hawkish comments, Japan avoiding recession, and positive wage negotiations are driving market repositioning. BOJ may exit negative rate policy soon. Wage negotiations could lead to significant increases. Market participants are looking beyond timing of policy change.
Sentiment: MIXED
Tickers: 7203.T-JP, 5401.T-JP, JPY=, 7201.T-JP, 6752.T-JP,
Keywords: economic events, united states, asia economy, prices, nissan motor co ltd, japan, usd/jpy, central banking, business news, panasonic holdings corp, toyota motor corp, personnel, nippon steel corp,
Source: https://www.cnbc.com/2024/03/13/bank-of-japan-boj-may-exit-negative-rates-next-week.html