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Hawkish BOJ policymaker calls for raising rates at least to 1%

Channel News Asia LogoChannel News Asia4h ago

Hawkish BOJ policymaker calls for raising rates at least to 1% - Channel News Asia

Quick Summary:

TOKYO :The Bank of Japan must raise interest rates to at least 1 per cent by the second half of the fiscal year beginning in April, hawkish board member Naoki Tamura said on Thursday, remarks that pushed up the yen as they reinforcing bets of a near-term rate hike.

But he said the BOJ must time its rate hikes carefully without any preconception given the potential impact on the Japanese public, who have long experienced ultra-low rates.

The dollar briefly fell to a two-month low of 151.81 yen after Tamura's remarks, as markets continued to price in the chance of a near-term rate hike.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 09:53:38 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 25917521

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 49 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 46 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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