The Bank of Japan will hold a monetary policy meeting on December 18-19, and more than 50% of analysts expect the Bank of Japan to raise interest rates in January next year.
Nomura Securities expects the Bank of Japan to raise interest rates by 25 basis points in December, raising the benchmark interest rate to 0.5%, mainly because the economic fundamentals and price trends are in line with expectations, and the spiral cycle of wages and prices is beginning to form. The bank said that the next monetary policy meeting should pay attention to three aspects:
(1) whether to raise interest rates;
(2) communication on the future direction of monetary policy;
(3) the results of the monetary policy review announced on the same day. Nomura Securities said that if Bank of Japan Governor Kazuo Ueda said at the December interest rate press conference that the reason for not raising interest rates in December was not related to market uncertainties, but that the fundamentals were not strong enough, the Bank of Japan might remain unchanged again in January, because the economic data between the two interest rate meetings in December and January is expected to change little. (Jinshi)
Miyuki
