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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.

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Reuters

+5 Reposted by 5 other sources

Bank of Japan poised to raise rates to highest in 17 years

2 months ago·United Kingdom

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CNBC

Bank of Japan is expected to hike rates this week, CNBC survey shows

Out of 19 economists, 18 agreed on prospects of a rate hike, with most pointing to a recent change in tone of the BOJ leadership as driving their expectations.

2 months ago·United States

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thepatriotlight.com

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…

2 months ago

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Kyodo News+

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.

2 months ago·Japan

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Star Advertiser

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.

2 months ago·Honolulu, United States

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