Bank of Japan

BOJ will scale down ultraloose policy this year: analyst survey

Economists mostly expect change to yield curb control or complete exit

20230215N BOJ

Analysts anticipate a monetary policy course change by the Bank of Japan under Kazuo Ueda, who has been nominated as the next governor. © Reuters

DAICHI MISHIMA and FUHITO HONDA, Nikkei staff writers
February 16, 2023 07:48 JST

TOKYO -- The Bank of Japan will curtail its ultraloose monetary policy in some fashion by the end of the year as the central bank undergoes a changing of the guard, analysts predicted in a Nikkei survey.

All 20 BOJ watchers polled said the bank will likely revise the yield curve control tool sometime this year.

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