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BOJ may hold off on ending negative rates until April - ex-board member

From channelnewsasia.com

The Bank of Japan may hold off on ending negative interest rates until around April next year to gauge whether wage gains will broaden enough to keep inflation sustainably at its 2 per cent target, former central bank policymaker Makoto Sakurai told Reuters. With inflation exceeding 2 per cent for more than a year, markets are rife with speculation the BOJ will raise short-term interest rates from the current -0.1 per cent as early as the end of this year. Ending negative interest rates likely won't hurt the economy much as inflation-adjusted real borrowing costs will remain low, said Sakurai, a former BOJ board ... (full story)

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  • Category: Fundamental Analysis