Bank of Japan poised to raise rates to highest in 17 years
- The Bank of Japan is expected to raise interest rates to 0.5% on Friday, the highest level in 17 years, unless market shocks occur from U.S. President-elect Donald Trump's inauguration.
- The Bank of Japan's rate hike aims to align with its 2% inflation target, as inflation has exceeded this target for nearly three years.
- Domestic political uncertainty may rise as Prime Minister Shigeru Ishiba's coalition faces challenges in passing the budget and upcoming elections.
- The potential interest rate increase has raised concerns about its impact on foreign exchange movements and the overall economic outlook for Japan.
15 Articles
15 Articles
ThePatriotLight - BOJ likely to raise rates this week in absence of immediate Trump tariffs
ThePatriotLight - The Bank of Japan will likely raise rates this week if markets remain calm following the inauguration of Donald Trump as the 47th president of the United States.“The BOJ has sent out a clear message that a rate hike will be on the table, so I think the possibility of raising rates is quite high,” said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management.According to a Bloomberg survey earlier this m…
Japan to watch Trump's impact on U.S. interest rate decisions
Japan's top currency diplomat says that he will monitor whether the inauguration of U.S. President Donald Trump, who has pursued an "America First" policy, will influence interest rate decisions by the Federal Reserve.
Bank of Japan poised to raise rates to highest in 17 years | Honolulu Star-Advertiser
TOKYO >> The Bank of Japan is expected to raise interest rates on Friday barring any market shocks when U.S. President-elect Donald Trump takes office, a move that would lift short-term borrowing costs to levels unseen since the 2008 global financial crisis.
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