Investment banks warn investors of potential BoJ surprise

Investors are widely expecting the Bank of Japan to buck the global trend and keep monetary policy on hold on Friday, but a clutch of heavy-hitting investment banks is warning them to brace for a shock.Most major central banks are coming towards the end of the historically rapid tightening cycles they unleashed in an effort to hose down inflation that erupted in the wake of Covid lockdowns, but the BoJ has largely held firm, happy to see Japan’s relatively tame inflation pick up after decades..