An increasing number of economists expect the Bank of Japan to ramp up stimulus ...
TOKYO - An increasing number of economists expect the Bank of Japan to ramp up stimulus this year, with well over a third of them polled by Reuters betting the central bank would act next week.
When asked about the BOJ’s next action, 33 of 41 economists in the Sept 2-11 poll said it would loosen policy further, while eight said it would whittle down stimulus. The number of those who forecast the BOJ would deepen negative rates from the current -0.1% more than doubled to eight from just three in August.
BOJ Governor Haruhiko Kuroda said cutting interest rates further into negative territory was among the bank’s policy options, according to an interview with the Nikkei newspaper last week.
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