BOJ Likely to Accelerate Rate-Hike Pace Amid Fed Outlook
Dow Jones13:05
0505 GMT - Mitsubishi UFJ Morgan Stanley Securities brought forward its projected timing for Bank of Japan rate hikes to December 2026 and April 2027 from its earlier forecast of January and June 2027. "Expectations of further Federal Reserve rate hikes increase the chance that the BOJ will move somewhat faster in adjusting its degree of monetary support," the brokerage's analysts say in a note. The BOJ's July meeting minutes released Monday showed that one policy board member pointed to the possibility that the pace of rate hikes could be quicker than market expectations, given that underlying inflation is approaching 2% and greater attention should be paid to upside risks to prices than before.
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