Reported about 4 hours ago
The Bank of Japan (BOJ) might raise interest rates in October regardless of Sanae Takaichi’s potential leadership win, according to ex-central bank official Tomoyuki Shimoda. While Takaichi favors increased fiscal spending and is against BOJ rate hikes, Shimoda believes the leadership outcome will have minimal influence on monetary policy. He cites that stable corporate profits and ongoing inflation could create a conducive environment for a rate increase during the upcoming BOJ meetings.
Source: YAHOO