Goldman Sachs: BOJ may refrain from lowering rates next week

In their latest report published on Friday, analysts at Goldman Sachs noted that the BOJ is unlikely to cut rates further into the negative territory at its policy meeting next week.

Key Quotes:

“BOJ may refrain from lowering rates next week due to its economic assessment, timing of FOMC and considerable risk in rate cut before ensuring a more stable steepening of yield curve.”

“Central bank will probably seriously discuss deepening of negative rate at meeting next week, but is likely to opt to push back rate cut until a later data.”