Japan loses a big title, and perhaps its way

February 16, 2024

The GDP weakness could prompt the central bank to wait before tweaking its policies. Governor Kazuo Ueda was widely expected to remove “yield curve control” and end a long period of negative interest rates in upcoming central bank meetings in March and April. The yen is also reflecting markets’ uncertainty over the direction of interest rates. Instead of rallying against the U.S. dollar on the back of the BOJ’s expected rate rises and expected cuts by the U.S. Federal Reserve, the currency has been weakening this year. Japan pioneered new monetary policy tools in its long and tortuous journey to boost domestic demand and inflation.

The source of this news is from Tuoi Tre News