Business · Economy · 4 hrs ago

BOJ meeting summary points to possible near-term rate hike

BOJ meeting summary points to possible near-term rate hike

A Bank of Japan meeting summary points to a near-term rate hike.

The summary says many board members see an increase in interest rates as necessary.

It records the views from the bank’s latest policy meeting.

The Bank of Japan sets interest rates in Japan, so a change could affect borrowing costs.

The summary signals that a hike may be approaching, but it does not say that the bank has made a final decision.

The timing and size of any increase are not stated.

The bank’s next policy decision will show whether rates rise.

2 sources

Related