According to Jinshi, Pacific Investment Management Company (Pimco) said that the Bank of Japan may bid farewell to its negative interest rate policy as early as March and raise interest rates several times this year. Pimco said in its market outlook report that as the only central bank in the world that still adheres to negative interest rates, the Bank of Japan is expected to raise its benchmark interest rate to 0% in March or April and to 0.25% by the end of the year. Faster wage growth may create sustained inflation in the economy, creating favorable conditions for ending negative interest rates. Stephen Chang, a portfolio manager at Pimco, said that reaching 0.25% may require two rate hikes, which may start with 10 basis points and then 15 basis points.