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Bank of America: The Central Bank of Japan may end its negative Intrerest Rate policy in April
Bank of America has postponed its base forecast for the Central Bank of Japan's removal of negative Intrerest Rate and yield curve control (YCC) from the previous January to April. Economists Izumi Devalier and Takayasu Kudo wrote in the report: "Even so, the acceleration of underlying inflation in Japan is likely to continue, and monetary policy is moving in the direction of 'gradual normalization'." Base salary growth in FY2024 is also likely to improve further. "Bank of America still believes that after the cancellation of negative Intrerest Rate and YCC, the Japanese Central Bank will raise interest rates by 25 basis points between October and December this year and between April and June next year, bringing the policy Intrerest Rate to 0.5% by mid-2025.