Reuters Reporting that BOJ is Likely to Raise Rates to 0.5% on Friday.
Posted: Jan 23, 2025
- BOJ's regional managers suggest wage hikes are prevalent in various companies, signaling potential interest rate increase
- BOJ may raise rates to 0.5% on Friday
- Questioning whether Yen carry trade has already phased out or if there's more to come
- The Bank of Japan is holding a policy meeting with a decision expected on Friday.
- There is speculation that the BOJ may raise interest rates to 0.5% from 0.25%.
- Factors such as wage increases and inflation forecasts may support a rate hike.
- Market reaction to a rate increase by the BOJ could impact the USD/JPY exchange rate.
- The BOJ will release a quarterly outlook report with growth and inflation forecasts.
- Governor Kazuo Ueda may provide clues on future rate increases during a post-meeting briefing.
- Analysts expect the BOJ to raise rates at a pace of roughly twice a year, but timing could be impacted by political events in Japan.
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