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المشهد العربي
Bank of Japan eyed inflation nearing 2%
The Bank of Japan is preparing to indicate that core inflation indicators in the country are approaching the 2% target, reinforcing expectations of a possible interest rate hike in the coming months. Although officials are cautious about taking the step of raising rates at this time, recent data such as inflation indicators in Tokyo and the results of the "Tankan" survey suggest that inflation is nearing the target, supporting the expected path of monetary tightening. The market expects official signals to be issued this month, with a likelihood of increasing interest rates at the December meeting, as part of the bank's efforts to combat inflation and complete the monetary tightening process.
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