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Analysis:BOJ may not be as dovish as Ueda's cautious rhetoric suggests

Channel News Asia LogoChannel News Asia3h ago

Analysis:BOJ may not be as dovish as Ueda's cautious rhetoric suggests - Channel News Asia

Quick Summary:

TOKYO : Japan's improving economic conditions and receding U.S.recession worries are likely to bring prospects of a December or January interest rate hike back into view, even as a new government complicates the politics around monetary policy.

While the BOJ is expected to keep interest rates steady at its Oct.30-31 meeting, it will roughly maintain its forecast for inflation to stay around its 2 per cent target through March 2027, say three sources familiar with its thinking.

Many BOJ policymakers see the economy on track for a moderate recovery with higher wages underpinning consumption and helping sustain broad-based price rises, the sources say, meeting the prerequisite of further rate hikes.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 14:30:10 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 934 words

Reading Time: 6 minutes read

Sentences: 35 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22975535

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About Channel News Asia

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 41 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 45 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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