Coming up from the Bank of Japan today is their expected decision to exit negative interest rate policy, after eight years. There is no set time for the statement, there never is, but past experience shows to expect it sometime in the 0230 to 0330 GMT time window.
This preview via a couple of snippets from Deutsche Bank research notes, who kick off with the big call that the “BoJ decision likely to overshadow the FOMC”:
- We expect the BoJ to revise its policy and abandon both NIRP and the multi-tiered current account structure and set rates on all excess reserves at 0.1%.
- We also see both the…
