[Opinion] BOJ should avoid December rate hike, says Takaichi’s economic adviser - Regional Media News

BOJ Signals December Rate Hike Is Near as Summary Turns Hawkish; PM Adviser Urges Delay

The Bank of Japan’s latest “Summary of Opinions,” released Monday, signals the central bank is edging toward another rate increase as soon as December, while a top economic adviser to new Prime Minister Sanae Takaichi publicly urged caution and argued for waiting until January. Bank of Japan+1 Key takeaways What the BOJ said today The Summary of Opinions from the Oct. 29–30 policy meeting (released at 8:50 a.m. JST on Nov. 10) paints a more hawk…

BOJ should avoid December rate hike, says Takaichi’s economic adviser - Regional Media News

TOKYO (Reuters) -The Bank of Japan should avoid raising interest rates in December and wait at least until January next year to support a fragile economy, Takuji Aida, an economist chosen to join a key government panel, told the Nikkei newspaper. The government should cushion the blow to households from rising living costs with big spending until their real income turns positive, Aida, who is chief Japan economist at Credit Agricole, told Nikkei…