Central Banks
BOJ Watchers See No Further Policy Shift in 2023 After Yield Curve Control Tweak
- Forecasters now favor April as likely timing for policy change
- Scrapping yield control is seen as the mostly likely next step
WATCH: BOJ Tweak 'Constructive' for Japan Stock Market: Nomura
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Bank of Japan watchers don’t expect any further change from the central bank this year, after the BOJ surprised investors around the world by tweaking its yield curve control program last week, according to a Bloomberg survey conducted Monday.
More than 90% of 41 economists don’t anticipate any further moves this year, following Friday’s decision that effectively raised the tolerated ceiling for 10-year yields. Economists now see April as the most likely month for the next policy shift, chosen by 26% of respondents.