Japan political turmoil a risk for BOJ December hike, former board member says

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MUMBAI : Political turmoil after Japan's ruling coalition lost its majority in a snap election last weekend could lead the Bank of Japan to delay its next interest rate hike until January, a former BOJ board member said on Friday".

FILE PHOTO: Pedestrians walk past the Bank of Japan building in Tokyo, Japan March 18, 2024.

Kiuchi told the Reuters Global Markets Forum that if dollar-yen rises above 155 and the government is forced to intervene in the currency market again, it may pressure the BOJ to hike rates to arrest further yen depreciation.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Ruling Kiuchi Political Rate Bank Hike Japan Interest Policy Rates 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 20:12:28 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 414 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 35 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23364408

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