The Bank of Japan will hold a monetary policy decision meeting on the 18th and 19th. The decision will be announced around noon on the 19th, and a press conference by Governor Haruhiko Kuroda is expected to be held in the afternoon. The biggest focus is whether they will proceed with the removal of the negative interest rate policy that has been in place since February 2016.Whether or not the Bank of Japan will proceed with the removal of the negative interest rate policy that has been in place since February 2016.That is the main question.
If the Bank of Japan implements an interest rate hike,It will be the first policy change in 17 years since February 2007.In the first round of collective bargaining on the 15th, which President Ueda called a major point, the spring labor offensive is averaging in the 5% range for the first time in 33 years.In addition, the BOJ is strongly pushing for an interest rate increase.Furthermore, it is highly likely that the BOJ will lift the financial easing measures other than negative interest rates and move towards normalizing its monetary policy.For the stock market, there is also interest in whether the BOJ will stop buying ETFs.In addition, with the successive positive comments from President Ueda, expectations for a rate hike in March have sharply increased.In addition, the BOJ is strongly pushing for an interest rate increase.Furthermore, it is highly likely that the BOJ will lift the financial easing measures other than negative interest rates and move towards normalizing its monetary policy.
For the stock market, there is also interest in whether the BOJ will stop buying ETFs.
At the January decision meeting, there was also an intention to confirm the impact of the Noto Peninsula earthquake, and the monetary easing policy was maintained. On the other hand, among the "main opinions," there were statements such as "the requirements for policy revisions, including the removal of negative interest rates, are being met" and "it is necessary to further deepen the discussion on the exit."