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Economy · Tokyo, Japan ·

Bank of Japan signals likely December rate hike

Reported by 1 outlet · first reported Nov 10, 9:31 PM ET

Bank of Japan signals point to a rate rise in December. The yen trades near 159 per dollar. Japan's Nikkei rose 0.8%.

Why it matters

It affects borrowing costs and the yen.

Background

Japan kept rates very low for years.

The story so far

  1. Japan's core inflation rises to 2.1%, highest this year
  2. Bank of Japan holds rates at 1.25%, says 2% target met
  3. Bank of Japan holds rates, says inflation target met
  4. Bank of Japan holds rates; Nikkei falls 2.1%
  5. Bank of Japan signals likely December rate hike

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Sources

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