BUSINESS

BOJ watchers see higher chance of June shift after Kazuo Ueda hearings

While Bank of Japan governor nominee Kazuo Ueda gave no hint of a desire to pivot quickly, some 41% of BOJ watchers expect a tightening step to take place in June, according to a survey of 49 economists. | BLOOMBERG

By Cynthia Li and Toru Fujioka
Bloomberg

Mar 3, 2023

Almost two-thirds of Bank of Japan watchers now expect monetary policy change by June following the first extensive hearings of governor nominee Kazuo Ueda, according to the latest Bloomberg survey.

All except three out of 49 economists polled see no policy change at the final meeting of outgoing BOJ Gov. Haruhiko Kuroda ending on March 10, according to the Bloomberg survey conducted following the two-day parliamentary hearings that ended on Monday.

Instead, there’s now a greater focus on the June meeting, set to be Ueda’s second.

BOJ watchers see higher chance of June shift after Kazuo Ueda hearings

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