A majority of economists expect the Bank of Japan to extend special funding measures this week as a spike in virus cases adds risk to the economy’s fragile recovery.
Some 66% of 38 economists surveyed by Bloomberg see the BOJ extending its programs to help pandemic-hit businesses beyond March at a two-day policy meeting ending Friday. The move is viewed by a minority of analysts as a form of monetary easing.
All but one economist projected the BOJ will make no change to its interest rates, forward guidance or key asset-purchase program.