Japan's Inflation Data Support BOJ Rate Hike in September
Dow Jones
Aug 21
0323 GMT - Japan's inflation data support a Bank of Japan rate hike in September, RBC Capital Markets' Abbas Keshvani says in an email. Also, "the BOJ sounded more hawkish on inflation in July," the director of Asia macro strategy says. Markets are "now pricing in more hikes and faster, with 20bp priced for September," Keshvani says. "The central bank knows that disappointing the market risks sending the yen weaker," the director adds. The dollar is 0.1% lower at 158.95 yen, LSEG data show.
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