Reported 5 days ago
Bank of Japan Governor Kazuo Ueda indicated that the economy is moving towards sustained wage-driven inflation, suggesting a potential interest rate hike as soon as next month. Ueda highlighted the importance of timely stimulus reduction to prevent unchecked inflation, while avoiding clear signals about the timing of future rate adjustments. Current market speculation suggests a 54% chance of a quarter-point hike at the BOJ's next meeting in December, amid expectations of continued wage increases driving inflation.
Source: YAHOO