Latest news with #interestRateHike
Wall Street Journal
a day ago
- Business
- Wall Street Journal
BOJ Should Consider Rate Hikes Without Delay, Board Member Tamura Says
The Bank of Japan should consider additional interest-rate hikes without delay, board member Naoki Tamura said, as it could hit its inflation target sooner than expected. 'My basic thinking is that the bank will analyze the data and various information without preconceptions, and will accordingly raise the policy interest rate and adjust the degree of monetary accommodation in a timely and appropriate manner in line with improvements in economic activity and prices, without haste or delay,' he said Wednesday.
CNA
27-05-2025
- Business
- CNA
Japan's corporate service inflation hits 3.1% in April
TOKYO :A leading indicator of Japan's service-sector inflation hit 3.1 per cent in April, data showed on Tuesday, keeping alive expectations of further interest rate hikes by the central bank. Service-sector inflation is being closely watched by the Bank of Japan for clues on whether prospects of sustained wage gains will prod firms to continue raising prices, and keep inflation sustainably around its 2 per cent target. The April year-on-year gain in the services producer price index, which measures the price companies charge each other for services, followed a revised 3.3 per cent increase in March, BOJ data showed. The BOJ ended a decade-long, massive stimulus programme last year and in January raised short-term interest rates to 0.5 per cent on the view Japan was on the cusp of durably meeting its 2 per cent inflation target. While the central bank has signalled readiness to raise rates further, the economic repercussions from higher U.S. tariffs forced it to cut its growth forecasts and complicated decisions around the timing of the next rate increase. A Reuters poll, taken on May 7-13, showed most economists expect the BOJ to hold rates steady through September with a small majority forecasting a hike by year-end.
