Analysis-BOJ locks in near-term rate hike, yen may sway timing
Update: 2025-10-31
Description
The Bank of Japan hinted at a potential interest rate hike, possibly in December or January, as Governor Kazuo Ueda suggested conditions for a hike are aligning. The central bank kept rates steady but Ueda's comments indicated a rate increase could be on the horizon if wage growth and the Japanese yen's decline continue. The Bank of Japan's decision hinges on upcoming wage negotiations, currency markets, and economic data, with a potential rate hike as early as December if wage growth is strong and the yen continues to fall.
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