BOJ policy shift bad for the yen, good for banks: analysts

Tokyo

A CONSENSUS emerged among analysts on Thursday that the Bank of Japan (BOJ) is close to the limits of its aggressive monetary easing, and that the yen could, for some time, rise as a result.

This shared view came in the wake of the decision by the BOJ on Wednesday to change policy tack, and the move by the US Federal Reserve to delay further increases in interest rates.

Both moves could be bad news for Prime Minister Shinzo Abe's "Abenomics" policies, which have so far relied heavily on the stimulative impact of mon…