Japan's Central Bank Considers Rate Hike Amid US Economic Concerns

According to Odaily, Mizuho Securities economist Yusuke Matsuo stated that the summary of opinions from the Bank of Japan's September meeting indicates that the US economy could be a crucial factor as the Bank of Japan contemplates further interest rate hikes. The summary highlights concerns about the pace of the Federal Reserve's rate cuts and their impact on Japan. A member of the Bank of Japan's Policy Board mentioned that it would take some time to assess the market impact of changes in US policy. Matsuo anticipates that the Bank of Japan will raise rates to 0.5% in December or later and then pause at that level for a period.