In SRC International civil suit, offshore asset recovery specialist says yet to see evidence Najib returned US$120m of SRC funds in bank accountThe Bank of Japan will debate ending its negative interest rate policy next week if Friday’s preliminary survey on big firms’ wage talks outcome yield strong results, sources said.
Such early signs of a strong outcome in this year’s annual wage talks have heightened the chances that the BOJ will phase out its massive monetary stimulus, three sources familiar with its thinking said.The central bank is likely to scrutinise a preliminary survey on the wage talks’ outcome, to be released by union umbrella Rengo on Friday, in deciding whether conditions to phase out stimulus have fallen into place, the sources said.
The BOJ may put off the decision until April if policymakers feel they need to scrutinise more data such as the “tankan” business sentiment survey due on April 1, and the bank’s quarterly report on regional Japanese economies, they said.