Barclays frontloads next BOJ hike to January from April ...Middle East

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Barclays frontloads next BOJ hike to January from April
Barclays has moved up its forecast for the next Bank of Japan rate hike to January 2025, citing anticipated labor cost pass-through to service prices and a clearer outlook on wage hikes for FY25.Key Points:Revised Forecast:Barclays now expects the next BoJ rate hike to occur in January 2025, with a possibility of an earlier move in December 2024. This is an adjustment from their previous expectation of an April 2025 hike.Rationale for the Adjustment:The shift in the timeline is driven by expectations that labor costs will pass through to service prices by year-end. Additionally, a clearer outlook for FY25 wage hikes is anticipated by the start of the new year, influencing the BoJ's decision-

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