Bank of Japan's hawkish pause to leave scope for December hike
The central bank is expected to keep rates unchanged while signaling that a December increase remains possible, Reuters reported.
- On Friday, the Bank of Japan will hold its policy rate at 1.25% while signaling a potential December rate hike as officials assess whether inflation has durably reached their 2% target.
- After years of aggressive monetary easing under former Governor Haruhiko Kuroda, the BOJ has gradually normalized rates, executing a September hike to combat inflationary pressures from high energy costs and a weak yen.
- Governor Kazuo Ueda will assess whether August's 1.7% core inflation and wage momentum justify moving rates toward the neutral range of 1.1% to 2.5%, which anchors the 2% target.
- Analysts polled by Reuters expect the central bank to raise rates to 1.5% in December, though officials are avoiding explicit timing guidance to prevent disrupting markets amid volatile carry-trade positions.
- The board will scrutinize upcoming data on wage growth, services inflation, and consumption before deciding whether to hike in December or January, balancing inflation risks against economic stability.
12 Articles
12 Articles
The Economic Times
Times of IndiaGlobal Market: Japan bond yields edge higher ahead of key central bank meetings
Japanese government bond yields edged higher as investors assessed the monetary-policy outlook ahead of meetings by the Bank of Japan and the US Federal Reserve. Markets expected both central banks to keep rates unchanged while monitoring signals about possible December rate increases, inflation and economic growth.
The Crypto Basic
Cryptocurrency News | Cryptocurrency Prices | Market CapWhat It Could Mean for XRP as Bank of Japan Upcoming Rate Decision Nears
This week could bring more pressure on XRP and the broader cryptocurrency market as investors prepare for the Bank of Japan October policy meeting. XRP has continued to fall throughout October, and this has raised concerns about how another monetary policy change could affect its price.Visit Website
Bank of Japan's hawkish pause to leave scope for December hike
Bank of Japan’s hawkish pause to leave scope for December hike
By Leika Kihara TOKYO, Oct 26 (Reuters) - The Bank of Japan will likely declare victory in a nearly 14-year battle to hit its 2% inflation target at its policy meeting on Friday and emphasise the risks prices could overshoot, signaling the chance of a ...
(Tokyo/Seoul = Yonhap News) Correspondent Cho Seong-mi, Reporter Kim Byung-kyu = Nihon... reports that the Bank of Japan is expected to keep its policy interest rate frozen at 1.25% at its monetary policy meeting at the end of this month.
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
