The Bank of Japan will leave monetary policy unchanged this week, and probably for much longer, after Prime Minister Shinzo Abe unveiled a stimulus package to bolster growth, according to a Bloomberg survey.
All 45 economists polled expect no action from the bank at the end of its two-day Policy Board meeting Thursday. For the first time since April, a majority of economists now expect the BOJ’s next action will eventually be a tightening of policy, an indication of how abruptly expectations have changed since the last survey in October.
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