The Bank of Japan is said to be leaning toward a rate hike at its December meeting, while keeping the option open for further tightening, according to a Bloomberg report citing people familiar with internal discussions. Policymakers will continue monitoring incoming economic data and market conditions right up to the final decision.
The headline immediately moved markets: the yen strengthened, JGB futures slipped, and traders increased pricing for a December hike. The report reinforces expectations that the BOJ is preparing to advance its gradual normalisation path, even as uncertainties around consumption and external demand persist.
This article was written by Eamonn Sheridan at investinglive.com.