BOJ reportedly expected to raise interest rates later this month - report
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The sources say that the BOJ is expected to deliver an interest rate hike in June, barring any sharp escalation in the Middle East conflict that could upend markets. As the war continues to rage on, the sources add that policymakers will continue to scrutinise developments until
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Japan’s real wages rose in March, boosting odds of a June hike
The desk believes that Japan's rising real wages bolster the case for a Bank of Japan (BoJ) rate hike in June. Per the full note from ing-think, steady wage gains indicate a strengthening labor market, which could prompt the BoJ to tighten monetary policy sooner than previously anticipated. This expectation is further supported by the potential for increased pressure on government bonds and the Japanese yen (JPY) should the BoJ delay action. However, geopolitical uncertainties, particularly in the Middle East, present risks to this outlook.
BOJ reportedly set to raise short-term policy rate to 1% next week
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