Bank Of Japan Likely To Raise Interest Rates To 0.5%

According to PANews, sources indicate that a majority of the Bank of Japan's policy committee members are likely to support another interest rate hike during the monetary policy meeting scheduled for next Thursday and Friday. This potential increase would raise the policy rate to 0.5%, marking the highest level in 17 years. Some of the nine committee members reportedly hold a cautious stance, suggesting that the final decision may be influenced by the inauguration and subsequent statements of U.S. President-elect Donald Trump on Monday, which could impact the market. However, it is estimated that most committee members will favor further tightening of the central bank's monetary policy.