Most economists predict that the Bank of Japan (BOJ) will end its negative interest rate policy next year, with around 80% of them anticipating the elimination of the 10-year yield control scheme by the end of 2024. While the majority expect the BOJ to end negative rates in 2024, some suggest it might happen as early as January-March or April-June. This contrasts with other central banks, like the U.S. Federal Reserve, which are raising interest rates to combat inflation. The end of the yield curve control (YCC) policy is also expected by most economists by the end of 2024, with some even predicting its removal in October. Japan’s GDP is forecasted to contract in Q3 but grow in Q4, and inflation rates remain in line with the BOJ’s targets.



Leave a comment