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Bank of Japan to maintain negative rates: report
Bank of Japan (BOJ) officials expect Japan’s negative interest rate policy to continue due to insufficient wage growth, according to informed sources. BOJ will hold a monetary policy meeting in December 2024, with additional meetings planned for January, March, and April. After meeting with Prime Minister Fumio Kishida, BOJ Governor Haruhiko Kuroda expressed the challenges ahead, possibly signaling a revision to the massive monetary easing policy. This led to a surge in the yen’s exchange rate, reaching a high of 141.6 yen to the dollar.2023/12/12 16:49