(Bloomberg) -- The Bank of Japan kept its monetary policy steady Friday, signaling it sees no need to hurry with interest rate hikes as it monitors financial...
-- The Bank of Japan kept its monetary policy steady Friday, signaling it sees no need to hurry with interest rate hikes as it monitors financial markets after its July increase and hawkish views spooked investors.To Build a Happier City, Design for Density
The central bank reiterated that it expects price growth to be in line with its goal in the latter half of its projection period, an indication it remains on a path toward hiking rates.Governor Kazuo Ueda’s board hit pause after its clear hawkish tilt conveyed on July 31 was seen to have helped trigger a global market meltdown in early August.
With the Fed’s move Wednesday intensifying momentum for a global easing campaign, views among BOJ watchers are divided on what sort of trajectory to expect in Japan. Market pricing indicates investors are less convinced than economists that the central bank will move again by the end of the year. About 70% of economists surveyed by Bloomberg expect another increase by December.
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