Bank of Japan Eyes Interest Rate Hike

The Bank of Japan is poised to raise interest rates for the first time since 1995, potentially increasing the benchmark rate to 0.75%. This decision is contingent on no major economic shocks and is expected to be a measured adjustment rather than aggressive tightening. Market expectations surged after Governor Kazuo Ueda hinted at an appropriate decision on interest rates. Key government members also indicated support for the potential rate hike in December. The central bank believes their economic outlook is more likely to materialize due to clearer impacts from US tariffs and sustained corporate profits. They view this rate hike as an adjustment to monetary easing, not a tightening, as financial conditions are expected to remain supportive for the economy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.