BNP Paribas: Bank of Japan expected to raise interest rates in December

BNP Paribas economist Ryutaro Kono said the Bank of Japan is expected to raise interest rates in December despite uncertainty about the impact of President-elect Trump's policies. He said the gloom is unlikely to dissipate in the short term as the presidential inauguration will take place on January 20. A weaker yen could prompt the Bank of Japan to act. "If the Bank of Japan continues to wait and see until uncertainty is fully eliminated, the yen may weaken further," he said. (Jinshi)