Reported about 8 hours ago
A recent Reuters poll indicates that most economists expect the Bank of Japan (BOJ) to raise its key interest rate by at least 25 basis points in the upcoming October-December quarter. Despite a potential rate cut from the U.S. Federal Reserve, 93% of analysts believe this will not hinder the BOJ’s move towards tighter monetary conditions. While most predict no changes in the upcoming September policy meeting, a significant portion anticipate the borrowing cost to rise from 0.50% to at least 0.75% next quarter, reflecting concerns about yen depreciation and asset bubbles.
Source: YAHOO