The US and Japanese central banks will hold meetings this week to decide monetary policy. The US Federal Reserve is expected to raise rates on the 15th and 16th, while expectations are growing that the BOJ will likely raise rates by around 0.25% on the 17th and 18th.
Meetings of the US Federal Reserve and the BOJ are scheduled for this week, and financial markets view a US rate hike as virtually certain, while the likelihood of a BOJ rate hike is also increasing. The Federal Reserve's meeting is scheduled for the end of this week, while the BOJ's meeting will take place into next week.
Nominal wages are showing their strongest growth in approximately 30 years, which is viewed as supporting a BOJ rate hike, while concerns have also been raised about the burden on households. In particular, estimates have been reported that households of people in their 30s could face an increase in expenses of around ¥40,000.
Bloomberg data is cited as a source, and the impact of a BOJ rate hike on households is also discussed. Information obtained through AI and search is also presented as supplementary material.