BOJ to maintain stimulus as supply disruption darkens export outlook
The Bank of Japan is set to maintain its massive stimulus next week, as supply bottlenecks caused by factory shutdowns in Asia weigh on an economy already wobbling from the hit to consumption from the pandemic.
The rate review comes ahead of a ruling party leadership race that may shift the administration's focus away from the current stance based on former premier Shinzo Abe's "Abenomics" reflationist policies, some analysts say.
BOJ Governor Haruhiko Kuroda is likely to be grilled on his views on the candidates' stance at his post-meeting briefing.
At the two-day meeting ending on Wednesday, the BOJ is set to maintain its short-term interest rate target at -0.1% and that for 10-year bond yields around 0%.
Reference: Reuters
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