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BOJ's victory lap on deflation paves way for rate-hike cycle
The Bank of Japan is setting the stage for an era of steady interest rate hikes by claiming victory in its long battle with deflation, sources and analysts say, in a major review of past policy that nods to significant consumer behaviour shifts. The findings would highlight how the central bank is drawing a line under former governor Haruhiko Kuroda's radical monetary stimulus, and creating a new narrative to herald a return to more conventional policy that targets short-term interest rates. The BOJ has said the review, which is governor Kazuo Ueda's flagship project that looks at the pros and cons of monetary easing ... (full story)
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- Posted: Jul 28, 2024 7:46pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,291
