Bank of Japan Eyes December Rate Hike
Update: 2025-11-26
Description
The Bank of Japan is considering an interest rate hike as early as December, marking a shift from its long-held easy money policies. This move is driven by a weak yen pushing up inflation, making imported goods more expensive for Japanese consumers. The central banks decision is influenced by a recent meeting between Prime Minister Sanae Takaichi and Bank of Japan Governor Kazuo Ueda, where political objections to raising rates were addressed. Several board members have made hawkish comments, and Governor Ueda acknowledged discussing the feasibility and timing of a hike. The Bank of Japan raised rates to 0.5% in January but has kept them steady due to concerns about US tariffs. However, with the yen hitting ten-month lows against the dollar and Finance Minister Satsuki Katayama showing no particular objection, a December rate hike is likely.
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