The Bank of Japan left benchmark interest rates unchanged in negative territory on Tuesday, but one analyst expects the central bank to add more easing measures soon. ‘I could see them engaging in some additional quantitative easing down the road,’ said Steve Friedman, senior investment strategist at BNP Paribas Investment Partners. ‘I think it makes sense to wait for the time being – I don’t think they are in any particular rush.’ Rates stand at minus 0.1 percent. The Bank of Japan pushed rates into the red back in January. Friedman also said he doesn’t expect the Federal Reserve to announce a rate hike at its March policy meeting on Wednesday. TheStreet’s Scott Gamm reports from Wall Street.
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