Reported about 11 hours ago
The upcoming appointment of a new Japanese prime minister following Shigeru Ishiba's resignation is prompting the Bank of Japan to reconsider the timing of its next interest rate hike. Analysts suggest that political uncertainty and the potential for a leader who may resist quick increases in borrowing costs could delay rate hikes, moving expectations for the next increase to possibly January. The impact of U.S. tariffs on the economy also plays a significant role in the BOJ’s decision-making process, as domestic inflation levels remain concerning.
Source: YAHOO