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The Bank of Japan's Rate Hike in December Seen as Highly Consensual, 30-Year High Interest Rate on the Horizon
BlockBeats News, December 5th, according to sources familiar with the matter, Bank of Japan officials are prepared to raise interest rates at the policy meeting later this month, provided that the economy and financial markets are not significantly impacted in the meantime. If the economic outlook materializes, the Bank of Japan will also indicate a willingness to continue raising rates while remaining cautious about how high rates will ultimately go.
This rate hike will bring Japan's policy rate to the highest level since 1995. The key focus for the market is how the Bank of Japan will actively signal further rate hikes.
On the other hand, sources indicate that the Bank of Japan will continue to sift through the latest data and information until the last moment before making a final policy decision. Sources stated that with real interest rates still below zero and the financial environment expected to continue supporting the economy, officials see this rate hike as an adjustment to monetary easing rather than a tightening. (Kinshi)
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