Nikkei News: Most members of the Bank of Japan's committee may vote in favor of raising interest rates next week

2025-01-17 17:16:24
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ChainCatcher news, according to a report by Jinshi, multiple sources indicate that most members of the Bank of Japan's policy committee may be inclined to raise interest rates again at the monetary policy meeting held next Thursday and Friday, which would raise the Bank of Japan's policy rate to 0.5%, a new high in 17 years.

Sources say that some of the 9 committee members are cautious, and the final decision will need to be made after U.S. President-elect Trump is inaugurated and makes a statement on Monday, which could impact the market. However, sources estimate that a majority of committee members will support further tightening of monetary policy by the central bank.

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