A Reuters poll shows that the Bank of Japan is expected to raise the key interest rate to 0.50% by the end of March, with 59 out of 61 economists in agreement.
nearly two-thirds of 32 economists believe the BOJ will hike interest rates on January 24with the remainder expecting a hike later Two-thirds of 21 economists in a Reuters poll predict Japanese authorities will intervene in the currency market if the yen falls to 165 per dollarpoll shows this year’s labor talks are expected to result in a 4.75% rate of pay increase, slightly up from 4.70% in the December poll.BOJ Governor Kazuo Ueda and Deputy Governor Ryozo Himino said earlier this week the central bank will debate whether to raise rates at its next meeting.
"If the inauguration of incoming U.S. President Trump does not cause major market turmoil, delaying the interest rate hike until March is seen as excessively increasing market volatility risk," Fujita said.
Earlier:
ICYMI: Nomura are now forecasting a Bank of Japan (BoJ) interest rate hike next weekA majority of Japanese companies see wage hikes as a priority investment area this yearJapan December PPI +0.3% m/m (expected +0.4%) 3.8% y/y (expected 3.8%)USD/JPY back under 156.00Bloomberg says Bank of Japan likely to hike rates next weekRecapping Japan's wholesale inflation data earlier - helping to fuel rate hike chatterBoJ Gov Ueda says will raise policy rate if economic, price conditions continue to improve This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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