BoJ officials see recent Yen weakness as upside inflation risk, open to raising rates faster
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BoJ officials see recent Yen weakness as upside inflation risk BoJ is said to be open to raising rates faster than every six months BoJ is said to be close to the stage of anchoring, not spurring inflation BoJ widely seen holding interest rates in July after June hike Full report
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4 itemsJapan’s inflation slowed unexpectedly, but BoJ still likely to hike rates in June
The desk posits that despite an unexpected slowdown in Japan's inflation, the Bank of Japan (BoJ) is still positioned to raise interest rates in June. This view is supported by trends in government actions that have tempered inflationary pressures, creating a complex backdrop for monetary policy. Per the full note from ING Economics, the headline inflation rate fell to 3.5% in April, down from 3.6% in March, impacting BoJ's upcoming rate decisions. This nuance illustrates a pivotal moment as traders assess the balance of inflationary risks against the central bank's tightening agenda.
BOJ to signal more rate hikes as yen, politics fuel inflation risks - Reuters
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