BoJ arranging to end negative interest rate policy at March meeting – Jiji

38

According to a report from Reuters on Thursday, citing Japanese news agency Jiji, the Bank of Japan (BoJ) is preparing to terminate its negative interest rate policy during the upcoming March 18-19 meeting.

Jiji reported that the central bank will reach a final decision after assessing the preliminary survey results regarding this year’s spring wage negotiations by the labor organization Rengo, which are expected to be available on Friday.

Market reaction

Following this news, the Japanese yen showed some signs of strength against its major counterparts. At the time of publication, the USD/JPY pair was trading slightly lower for the day, near 147.60.