BoJ policy-makers signal end to negative rates
Summary of meeting shows board members see higher chances of achieving virtuous wage-price spiral
A summary of opinions expressed during the most recent meeting of the Bank of Japan (BoJ) policy board, released today (January 31), suggests the bank is moving towards ending its negative rates policy.
The summary of the meeting, which occurred on January 22–23, shows that several board members said the chances of a virtuous cycle between wages and prices had continued to increase. This factor will be key in enabling policy-makers to judge whether the country is able to achieve its 2% inflation
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