BOJ to end negative interest rates in 2024, over 80% of economists say: Reuters poll

By: Admin

TOKYO, Nov 22 (Reuters) - The Bank of Japan will end its negative interest rate policy next year, more than 80% of economists in a Reuters poll said, with more convinced the central bank is getting closer to exiting its controversial monetary settings.

BOJ Governor Kazuo Ueda faces the difficult task of navigating Japan away from the extremely accommodative policy of the past decade without causing market turmoil or squashing a fragile economic recovery.

While none of 26 economists predicted changes in the upcoming December BOJ meeting, many foresaw the negative rate policy, which has set Japan's short-term deposit rate at minus 0.1%, would reach the end of the line next year.

In the Nov. 15-20 poll, 22 of 26, or 85%, of economists said the BOJ would end the policy by the end of next year. That was up from 63% in an October poll and 52% in September.