THE Bank of Japan (BoJ) is on track to end negative interest rates in the coming months despite the economy’s fall into recession, say sources familiar with its thinking, though weak domestic demand means they may seek more clues on wages growth before acting.
Japan shocked analysts on Thursday when data showed gross domestic product (GDP) unexpectedly contracting for two straight quarters, the technical definition of a recession, and losing its place as the world’s third-largest economy to Germany.
