Inflation risks may stir BOJ discussion of rate hike in May, sources say

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TOKYO : Inflationary pressure from wage gains and prolonged rises in food costs could prompt Bank of Japan board members to discuss another interest rate hike as soon as in May, said three sources familiar with its thinking.

The mounting inflationary pressures could lead to an upgrade in the BOJ's price forecasts in May and prompt discussions over the feasibility of a rate hike, the sources said.

Under current projections made in January, the board expects core consumer inflation to hit 2.4 per cent in fiscal 2025 and 2.0 per cent in 2026.

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Category: EconomyBusiness

Markets: SingaporeJapanSouth Africa

Topics: Japan Inflation Price Cent Hike Wage April Meeting Sources January Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-07 @ 11:28:33 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 912 words

Reading Time: 6 minutes read

Sentences: 33 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26714615

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