Japanese Media: Bank of Japan May Hike Again at Sept. 17-18 Meeting to Counter Rising Inflation Risk
Tiger Newspress
Aug 11
Japanese media, citing people familiar with the matter, report the Bank of Japan could raise its policy rate again at the Sept. 17-18 policy meeting after a June increase, citing rising inflation risks driven by rapid AI-related demand growth, a sharp yen depreciation and higher oil prices.
Markets had previously expected roughly six-month spacing between hikes. Minutes from the BOJ’s July 30-31 meeting showed some board members urged a faster pace of tightening; one said the pace of policy-rate increases could exceed market expectations, another said it was necessary to speed up the adjustment of monetary easing.
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