TOKYO (TVBS News) — Officials at the Bank of Japan (BOJ) have yet to observe sufficient wage growth; hence, Japan's negative interest rate policy is expected to persist, according to informed sources cited by the foreign media on Tuesday (Dec. 12).
The BOJ is slated to hold a monetary policy meeting on Dec. 18 and Dec. 19, with additional meetings planned for January, March, and April 2024.
A Reuters report indicated that after BOJ Governor Haruhiko Kuroda met with Japan's Prime Minister Fumio Kishida last week, he said, "I think it will be more challenging from the end of this year into next year."
Kuroda's comments have been interpreted by the market as signaling a possible revision to the massive monetary easing policy, the report analyzed.
This led to a surge in the yen's exchange rate, which at one point on the seventh reached a high of 141.6 yen to the dollar.
