Economic Information Agency reported on the 6th, citing Reuters, that the Bank of Japan (BOJ) may signal this month that core inflation has largely reached its 2% target, highlighting its readiness to raise interest rates again in the coming months.
Such a statement would be largely symbolic, but would reinforce the market's dominant expectations for rate hikes, while signaling the BOJ's readiness to continue raising rates in the near term.
According to sources, although the BOJ raised interest rates in September, most officials internally are cautious about another rate hike in October, preferring to wait for more data to assess the impact of the previous rate hike.
The yen was last trading at 158.1 per dollar, down about 0.14%. (yc)
Such a statement would be largely symbolic, but would reinforce the market's dominant expectations for rate hikes, while signaling the BOJ's readiness to continue raising rates in the near term.
According to sources, although the BOJ raised interest rates in September, most officials internally are cautious about another rate hike in October, preferring to wait for more data to assess the impact of the previous rate hike.
The yen was last trading at 158.1 per dollar, down about 0.14%. (yc)
