According to ME News, on October 13 (UTC+8), sources familiar with the matter revealed that Bank of Japan officials are inclined not to implement a rare consecutive rate hike this month, but still retain the possibility of initiating a rate increase as early as December. The sources indicated that, in the absence of signs suggesting a sudden rise in inflationary pressures, BoJ officials see no need for a consecutive rate hike. The central bank will closely monitor economic data to assess whether a new rate hike can be launched at its December meeting.
According to insiders, the final policy decision from the October 30 meeting remained uncertain until the last moment. To manage upside inflation risks, the Bank of Japan’s policy board, led by Governor Kazuo Ueda, raised interest rates to 1.25% last month. This followed pressure from Besant urging Japan to continue normalizing its monetary policy and support a stronger yen. (Jinshi) (Source: ODAILY)
Japan's BOJ Likely to Avoid Consecutive Rate Hikes in October
KuCoinFlashShare
Summary
Japan’s BOJ Likely to Avoid Consecutive Rate Hikes in October, CFT Measures Remain Key
Japanese central bank officials are inclined to refrain from consecutive interest rate hikes in October, though a tightening move in December remains possible. According to insiders, the Bank of Japan will closely monitor economic data before deciding on a potential rate hike at its December meeting. The final policy decision for the October 30 meeting remains uncertain, as the central bank aims to manage inflation risks without overreacting to short-term pressures. Meanwhile, global regulatory frameworks such as MiCA continue to shape the broader financial landscape.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.