BOJ meets as Japan weighs declaring victory over deflation

Recent central bank and government remarks spark expectations of a turning point

20230920 BOJ UEDA Presser on July

Gov. Kazuo Ueda is expected to end Bank of Japan's negative rate policy. (Photo by Satoko Kawasaki)

CHIHIRO ISHIKAWA and MITSURU OBE, Nikkei staff writers

TOKYO -- Recent comments by Bank of Japan and government officials are stirring expectations the Japanese economy is finally nearing a turning point where it can declare victory over deflation and the central bank can shift away from a decade of massive stimulus.

Since the BOJ relaxed its yield curve control (YCC) policy on July 28 to allow government bonds to move in a wider band, a string of officials have hinted at the beginning of the end of the bank's ultraloose strategy.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.