-
Three Reasons Why I Expect the BOJ's Short-term Policy Rate to Rise No Further Than Zero
The Bank of Japan's October 2023 outlook report predicts that core Consumer Price Index (CPI) inflation, excluding fresh food and energy, will be 1.9% in both fiscal years 2024 and 2025. This projection suggests a potential move toward returning the short-term policy rate to zero. The rationale behind this lies in the possibility of justifying an end to negative rates once the forecast is upgraded to 2.0%, demonstrating increased confidence in meeting the inflation target. The FY26 forecast, set to be released in April 2024, may not be an absolute necessity for this decision. I anticipate the rate reaching zero as ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Dec 29, 2023 8:11am Dec 29, 2023 8:11am
- Ftmofx
- | Commercial Member | Joined Feb 2022 | 998 Comments | Online Now
- Comment #2
- Quote
- Dec 29, 2023 8:23am Dec 29, 2023 8:23am
- Guest
- | IP XX.XX.235.232
- Comment #3
- Quote
- Dec 29, 2023 9:48am Dec 29, 2023 9:48am
- Vancarbon
- Joined Jul 2019 | Status: Member | 686 Comments