US EditionBank of Japan Considers December Interest Rate Hike Amid Yen Fluctuations
The Bank of Japan may raise its policy rate from 0.5% to 0.75% to address inflation and wage growth, with the decision expected at the December 18-19 meeting.
- The Bank of Japan governor Kazuo Ueda hinted at a potential rate hike in December, considering the "pros and cons" of such a move.
- Finance Minister Satsuki Katayama stated that recent yen fluctuations are "clearly not driven by fundamentals".
- Ueda emphasized the need to assess wage developments before deciding on resuming rate hikes to achieve the 2% inflation target smoothly.
30 Articles
30 Articles
Japan finance minister says no divergence with BOJ on economic assessment
TOKYO, Dec 2 (Reuters) – Japanese Finance Minister Satsuki Katayama said on Tuesday she sees no gap between the government and the Bank of Japan on their assessment of the economy, after the central bank chief voiced confidence in the outlook and hinted at a rate hike. “We believe there is no discrepancy between the BOJ’s and government’s view that the Japanese economy is recovering modestly, so we don’t see this as a problem,” Katayama said at …
In a speech on the 1st, Bank of Japan Governor Kazuo Ueda expressed confidence in the continuation of wage increases and suggested that an interest rate hike is imminent. Market expectations of a December interest rate hike have suddenly strengthened, accelerating the yen's appreciation, interest rates, and stock market declines. The market estimates the probability of a December interest rate hike at 8%...
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