Reported 2 days ago
The Bank of Japan (BOJ) is exploring the potential for resuming interest rate increases, as discussed in a summary of its July meeting. Policymakers noted the likelihood of a hike this year amidst ongoing inflationary pressures and optimistic signals from Japan's trade deal with the U.S. Despite retaining a steady rate of 0.5%, there are growing indications within the BOJ that conditions may soon warrant a rise in borrowing costs, with some members emphasizing the importance of timely rate increases to mitigate future economic damage.
Source: YAHOO