The Bank of Japan is expected to cut interest rates after the government urged more support the ailing economy.
Investors saw a 40% chance that the policy board will reduce the overnight call rate from 0.3% at this week’s meeting, according to calculations made by JP Morgan Chase & Co. based on interest-rate swaps trading, up from 20% earlier in the day.
The meeting ends today (Dec. 19th, 2008)
Popularity: 3% [?]
