Is a rate hike in December likely in Japan? Bank of Japan Governor Kazuo Ueda hints at taking action.The Governor of the Bank of Japan, Kazuo Ueda, has issued the clearest hint yet that the central bank's board may raise the benchmark interest rate this month. He pointed out that any rate increase would only be an adjustment to the degree of easing, and the authorities will decide whether to take action based on the actual situation.
Central Bank Governor Kazuo Ueda hinted that Japan is likely to raise interest rates in December.
According to a report by Bloomberg, on Monday in Nagoya, Bank of Japan Governor Kazuo Ueda delivered a speech to local business leaders, stating that the Bank of Japan "will weigh the pros and cons of raising policy interest rates by examining domestic and foreign economies, inflation, and financial markets, and will make decisions at its discretion."
According to the overnight swap index, traders believe that the likelihood of the Central Bank raising interest rates at the policy meeting ending on December 19 is about 64%. If a rate hike occurs by January at the latest, this percentage will rise to 90%. In contrast, two weeks ago, the market's expectation for a rate hike in December was only 30%.
The Japanese yen is appreciating, the two-year public
ChainNewsAbmedia·12-01 04:54