Ultra-easy monetary policy stance likely

Sticking to stimulus: More than 80% of the 50 surveyed economists say Ueda will leave the yield-curve control programme unchanged. — AFP

Tokyo: The Bank of Japan (BoJ) is widely expected to retain its ultra-easy monetary policy today, with market focus falling on whether authorities use a revision to their inflation forecast as an excuse to tweak the yield-curve control (YCC) programme.

Governor Kazuo Ueda and his fellow board members will keep the key short-term rate at minus 0.1% at the end of their two-day meeting, all economists surveyed by Bloomberg predicted.