Bank of Japan is considering the possibility of discontinuing its negative interest-rate policy in the near future, potentially as early as March. This prospective shift in monetary policy could result in multiple interest rate hikes within the current year. If this occurs, it will contribute to a pessimistic outlook for the government bonds of Japan. The Bank of Japan, which is presently the sole proponent of negative borrowing costs, is anticipated to raise its benchmark interest rate to 0% in either March or April. Furthermore, there is speculation that the rate may undergo a subsequent increase to 0.25% by the conclusion of the year.
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