Goldman Sachs Expects BOJ to Raise Interest Rates for First Time Since 2007

Goldman Sachs Group Inc. now expects the Bank of Japan will raise interest rates for the first time since 2007 at Tuesday’s meeting, after stronger wage outcomes and a number of news articles over recent days suggested a move is afoot. Apple Without AI Looks More Like Coca-Cola Than High-Growth Tech. These developments imply that the BOJ probably no longer needs more data for the policy change, nor to wait to justify the policy change with the quarterly Economic Outlook report in April.

The BOJ is set to exit yield curve control completely while maintaining the current pace of gross Japanese government bond purchases and keeping exchange traded fund holdings constant, Ota wrote. The overshooting commitment, by which the BOJ commits to increasing the monetary base, is likely to be scrapped too, he said

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