Bank of Japan to consider best timing for next rate hike
From channelnewsasia.com
The Bank of Japan is likely to debate next week whether conditions are ripe to resume rate hikes as worries about a tariff-induced recession ease, though political complications may keep it on hold for now. Data so far has shown little evidence that higher U.S. levies were hurting the economy with exports rising in September, business confidence improving in the third quarter and companies maintaining bullish spending plans. But most analysts expect the central bank to keep interest rates steady at 0.5 per cent at the October 29-30 meeting given jabs from new Prime Minister Sanae Takaichi, who has called for BOJ ...
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