BOJ Warns of Inflation Overshoot, Hints at More Rate Hikes
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The Bank of Japan (BOJ) kept its policy rate unchanged at 1% but warned for the first time that underlying inflation could exceed its 2% target. The central bank cited surging AI demand, a weak yen, and rising wages as upside risks to prices. Most analysts now expect Japan's next rate hike by December. BOJ Governor Kazuo Ueda signaled more rate hikes are likely, with the weak yen being a key factor in assessing inflation risks.
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🇯🇵Bank of Japan holds policy rate at 1% in 8-1 vote; says may raise ra...
BOJ holds rates at 1%, warns of underlying inflation exceeding 2% targ...
BOJ holds rates at 1%, warns of underlying inflation exceeding 2% targ...
BOJ holds rates at 1%, warns of underlying inflation exceeding 2% targ...
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