BOJ Signals December Rate Hike Is Near as Summary Turns Hawkish; PM Adviser Urges Delay
The Bank of Japan’s latest “Summary of Opinions,” released Monday, signals the central bank is edging toward another rate increase as soon as December, while a top economic adviser to new Prime Minister Sanae Takaichi publicly urged caution and argued for waiting until January. Bank of Japan+1 Key takeaways What the BOJ said today The Summary of Opinions from the Oct. 29–30 policy meeting (released at 8:50 a.m. JST on Nov. 10) paints a more hawkish picture than earlier in the year. Board members said the “conditions for taking a further step toward the normalization of the policy interest rate