Nikkei reiterates the worst kept secret. BOJ considering hike to 0.25% ...Middle East

Nikkei is now getting in on the worst kept secret. They say that the DOJ is reportedly considering a rate hike to 0.25%. They also add that the central bank is looking to decide by how much and how fast to reduce its monthly purchases of Japanese government bonds. Meanwhile, the Nikkei reports that Japan's finance ministry and cabinet office are expected to accept BOJs rate hike if policy board goes that route.A BOJ source says that: Overall, higher rates will benefit households, but Higher rates are expected to intensify pressure on Japan's heavenly dated public sector to improve its fiscal healthBorrowing at higher rates does not help the government deficit Although the Fed does not worry

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Last updated : 30 July 2024 clock 08:16 PM

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Nikkei reiterates the worst kept secret. BOJ considering hike to 0.25% ...Middle East

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