Bank of Japan Poised to End Negative Interest Rate Policy

In a decisive move, the Bank of Japan is expected to conclude its negative interest rate policy, marking the first interest rate hike in 17 years.

The Bank of Japan's board is divided on the pace of exiting the negative interest rate policy, amidst historical wage hikes signaling inflation targets may be met.
Governor Kazuo Ueda and the board are set to make a landmark decision at the conclusion of a two-day policy meeting, with a strong expectation of ending the negative rate.
BOJ's shift is influenced by wage negotiations exceeding expectations, suggesting the economy may sustain recovery without aggressive monetary easing.
Debate within the BOJ includes a spectrum from doves advocating caution to hawks pushing for swift policy normalization.
The potential policy shift comes after years of the most aggressive monetary easing in modern history, challenging the bank's future direction.