BOJ seen hiking to 1.25% in September as Japan inflation pressures broaden
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The data l ands squarely within the range the Bank of Japan needs to justify moving in September, with core inflation matching forecasts and the closely watched core-core measure accelerating to 1.9%. The pickup in service sector inflation is arguably the more important signal fo
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4 itemsPreview: Japan core CPI seen hitting six month high, lifting bets on BoJ September hike
Higher Tokyo inflation, hawkish BoJ comments, up odds of October hike
The Bank of Japan's (BoJ) hawkish tilt is gaining traction amidst rising inflation signals from Tokyo. As Tokyo's core CPI inflation rose to 1.9% in June, suggesting persistent price pressures, the odds of an immediate rate hike have increased, with some analysts now calling for an October move rather than December. Per the full note from ING, this shift highlights a powerful narrative where second-round effects from elevated oil prices may soon require a response from the BoJ.
BOJ seen hiking to 1.25pct in September as yen weakness accelerates timeline
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