According to economists, BOJ will review the politics in 2023

47 surveyed economists don’t think that the BOJ will change the restrictive policy concerning a negative interest rate and a yield curve. The decision will be taken on December 20 after a two-day meeting. 84% of respondents said that the central bank needs a revision after ten years of serious monetary stimulation. 

68% of economists wait for the policy review in 2023. 30% suppose that it will happen in the first six months and 38% talk about the second half.

Whether the central bank properly assesses its ultra-loose policy is a key question for the market. In April, the head of BOJ Haruhiko Kuroda will resign after ten years of work. BOJ board member Naoki Tamura admitted in an interview that the policy could be reviewed next year. 

Ex-official of BOJ and head of Japan economic research at Oxford Economics Shigeto Nagai answered that the assessment of policy is inevitable. However, he doesn’t think that it will take place immediately after the appointment of a new governor.