BofA believes that the probability of the Bank of Japan adjusting policy in March is higher than in April

Considering the strong demand for a wage increase this year and the news about the Bank of Japan, the Bank of America adjusted the base expectation scenario of the Bank of Japan ending its negative interest rate and yield curve control policy from April to this month's meeting. Economists Izumi Devalier and Takayasu Kudo wrote in a report on Tuesday that it is difficult to say whether it will be March or April, and the final decision will be made, but the probability of acting earlier rises. Against the backdrop of the recent improvement in capex data, the high demand for wage increases, and media reports suggesting that discussions of the yield curve control framework for the removal of the yield curve control framework are in full swing, the scenario for March action has intensified.