Market Views: Is Japan on the brink of ending negative rates?

After maintaining inflation well above its 2% target for over a year, the Bank of Japan (BoJ) is leaning towards a hawkish stance and expected to abandon the country's negative interest rate policy (NIRP). This shift comes in anticipation of significant wage increases in the spring. The BoJ may soon announce a new policy decision following its March meeting next week, with the conclusion of the yearly wage negotiation between labour unions and enterprises on March 15 being a dec…