BOJ to forego July rate hike, over three-quarters of economists say: Reuters poll

From channelnewsasia.com

The Bank of Japan will skip raising interest rates at its policy-setting meeting at the end of July as it looks to boost tepid economic growth, more than three-quarters of economists said in a Reuters poll. Instead, the BOJ will likely prioritise scaling back its bond purchase programme even though there is a risk of missing a window to raise rates before the U.S. Federal Reserve cuts them, now widely expected to begin in September. The poll findings reflect the dilemma the Japanese central bank is facing as raising rates too quickly to normalise policy could dampen a fragile economic recovery, even while it is also ... (full story)