Bank of Japan poised to raise rates to highest in 17 years
Posted: Jan 22, 2025
- Bank of Japan (BOJ) expected to raise interest rates to 0.5% from 0.25%
- BOJ likely to raise price forecasts and wages outlook
- Markets focused on pace and timing of subsequent rate hikes
- Governor Ueda to brief media on decision
- Policy tightening seen as near certainty
- Possible risks from Trump policies and domestic political uncertainty
- Previous ill-fated rate hikes still haunting BOJ policymakers
- BOJ aiming to move away from extraordinary policies adopted in the past
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