BoJ weighs further stimulus as tax hike bites
But central bank may be reluctant to add more stimulus while tax hike effects are uncertain
Japan’s central bank is weighing up possible additional stimulus measures, but the outlook is being complicated by the impact of a consumer tax hike that kicked in on October 1.
Economists think the central bank is likely to keep its policy rate unchanged at its October 30–31 meeting.
The Bank of Japan (BoJ) is reluctant to move deeper into negative interest rates, as it is concerned over financial institutions’ earnings. Meanwhile, the central bank will likely seek to identify the impact of
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