The Bank of Japan’s (BOJ) overnight rate remains at zero and many analysts believe the zero-interest rate policy is likely to persist through year-end. Recent comments from the BOJ reiterated the Bank’s commitment to an easy monetary policy stance, while deflation continues to linger.

They are not anywhere near ready to pull the plug on the zero-interest rate policy,” says Glassman.

Looking ahead, Glassman says key economic factors to watch are structural improvement and increased consumer spending.

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