The likelihood of a policy rate hike at the Bank of Japan's monetary policy meeting on the 17th and 18th is increasing, and markets have largely priced in the move. Attention is turning to the pace of further increases.
Ahead of the Bank of Japan's monetary policy meeting on the 17th and 18th, reports indicate that the likelihood of a policy rate hike is increasing. Markets have largely priced in the hike, making developments at the meeting a key focus.
The pace at which rate hikes will accelerate is emerging as a central concern. The policy rate, a benchmark for general interest rates, could affect funding costs for households and companies.