Reported 11 months ago
The Bank of Japan is signaling a potential interest rate hike alongside its quantitative tightening plan in July, following pressure to address yen depreciation and rising import costs. The central bank is considering tightening its massive bond buying and reducing its balance sheet, with Governor Kazuo Ueda not ruling out a rate hike next month. The BOJ aims to craft a plan that avoids sudden spikes in bond yields while ensuring currency stability, potentially incorporating aspects similar to the U.S. Federal Reserve's tapering approach.
Source: YAHOO