Bank of Japan faces challenge amid technical recession and fragile yen support

Japan's central bank is anticipated to abandon negative interest rates this spring due to the pressure on Governor Kazuo Ueda to address yen depreciation. The move may not fully counter the currency's decline, as inflation and economic challenges persist.

Challenges for Japan's Central Bank

The pressure on Governor Kazuo Ueda to address yen depreciation has put the central bank in a difficult position. The anticipated decision to abandon negative interest rates reflects the ongoing challenges faced by Japan's economy.