Bank of Japan to consider best timing for next rate hike | Metals Mine

  • Bank of Japan to consider best timing for next rate hike

    From channelnewsasia.com

    The Bank of Japan is likely to debate next week whether conditions are ripe to resume rate hikes as worries about a tariff-induced recession ease, though political complications may keep it on hold for now. Data so far has shown little evidence that higher U.S. levies were hurting the economy with exports rising in September, business confidence improving in the third quarter and companies maintaining bullish spending plans. But most analysts expect the central bank to keep interest rates steady at 0.5 per cent at the October 29-30 meeting given jabs from new Prime Minister Sanae Takaichi, who has called for BOJ ... (full story)

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ZforexCM
Oct 24, 2025 3:06am
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The yen stayed weak beyond 152 per dollar as markets weighed the upcoming BoJ meeting and expectations of new fiscal stimulus from Prime Minister Takaichi. While hawkish members may again call for a 25 bps hike to 0.75%, analysts expect rates to remain at 0.5% amid political pressure for supportive policy.

Governor Ueda’s cautious tone and the U.S. data blackout reinforce a wait-and-see stance, though rising food prices, wage gains, and stronger exports have lifted bets for a rate hike by early 2026. The BoJ’s quarterly outlook is expected to raise growth forecasts and suggest inflation could hit 2% sooner.

Attention remains on the yen’s decline and potential import inflation. Trump’s visit to Tokyo with Treasury Secretary Bessent may add pressure for a stronger yen. Technically, USD/JPY stays bullish above 150.30, with resistance at 153.00–153.50 and support at 150.30–149.70.
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Trader#6B38
Oct 24, 2025 3:10am
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Japan will hike, there is a more conservative hawk in town
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