The Bank of Japan (BOJ) is expected to end its negative interest rate policy in April and raise short-term borrowing costs due to sustained wage growth and inflation. BOJ members believe in continuing monetary easing to meet inflation and wage growth objectives. Despite the BOJ's policy tweak allowing higher yields, the yen has weakened due to speculation of no end to monetary easing. BOJ Governor Kazuo Ueda expressed concern about the bank's rigid rate policy contributing to fluctuations in the yen.

BOJ's Monetary Policy Changes