宏观视野：日本央行迈向货币政策正常化，将如何影响市场？
建银国际证券·2024-03-27 16:00
Economics | 22 March 2024 Li Cui (852) 3911 8274 cuili@ccbintl.com 预计日本央行继续谨慎走向货币政策正常化。日本央行于本月结束负利率政策并取消国债收益率曲线控 制（YCC），迈出货币政策正常化进程的关键一步。尽管日本中长期的经济增长仍面临挑战，但我们预 计国内需求端的提振以及全球的复苏预期将支撑周期增长。我们预计日本央行下半年将进一步小幅加息 0.2-0.3 个百分点。 Analyst certifications and other disclosures on last page. This research report has been created by CCB International Securities Ltd. 1 On 19 March, the Bank of Japan (BoJ) announced steps to move further away from its ultra-loose monetary policy, including: Ending its negative interest rate ...