Bank of America has postponed its base forecast for the Central Bank of Japan’s removal of negative Intrerest Rate and yield curve control (YCC) from the previous January to April. Economists Izumi Devalier and Takayasu Kudo wrote in the report: “Even so, the acceleration of underlying inflation in Japan is likely to continue, and monetary policy is moving in the direction of ‘gradual normalization’.” Base salary growth in FY2024 is also likely to improve further. "Bank of America still believes that after the cancellation of negative Intrerest Rate and YCC, the Japanese Central Bank will raise interest rates by 25 basis points between October and December this year and between April and June next year, bringing the policy Intrerest Rate to 0.5% by mid-2025.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
