Bank of Japan Expected to Raise Interest Rates in March and End Yield Curve Management, According to Analysts at Societe Generale

Analysts at Societe Generale said on the 1st that they expect the Bank of Japan to raise interest rates in March and end its yield curve management (YCC). Photograph taken in May 2012 (2024 Reuters/Toru Hanai)

[ロンドン １日 ロイター] – Analysts at Société Générale said on the 1st that they expect the Bank of Japan to raise interest rates in March and end its yield curve control (YCC).

On January 31st, the Bank of Japan published the main views expressed at the monetary policy meeting held between the 22nd and 23rd. It has become clear that many of its comments focus on the start of monetary policy normalization in the near future. See more

In response to this, Sojen changed his previous opinion. “The number of cautious views has decreased significantly, and the number of positive views about policy changes has increased significantly,” he said, predicting that the Bank of Japan will raise the policy interest rate to 0% in March.

In addition, the Bank of Japan is likely to state that it will continue its zero interest rate policy and its quantitative easing policy until it is confident that it can reach its 2% inflation target in a sustainable and stable manner.

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