Bank of Japan may signal December interest rate hike, sources say
Crypto Briefing
Sources indicate the Bank of Japan may signal a December interest rate hike amid yen weakness and wage growth data.Summary
Bank of Japan officials are signaling to sources that a potential interest rate hike could occur at their December policy meeting, as the central bank prepares markets for an end to its ultra-easy monetary policy. Policymakers are currently weighing new economic data, particularly concerning wage growth trends and the impact of recent yen depreciation on inflation. Governor Kazuo Ueda has stressed the importance of this wage data, while Board member Junko Koeda has suggested policy normalization is necessary due to the yen's decline, indicating adjustments in messaging to prepare for possible rate changes based on incoming data.
(Source：Crypto Briefing)