TechFlow, November 10 — According to Jinshi Data, the summary of opinions from the Bank of Japan's latest policy meeting indicates that the next rate hike could be implemented as early as December, aligning with expectations of many market participants. At the two-day policy meeting ending October 30, the Bank of Japan's committee voted 7 to 2 to maintain current interest rates unchanged.
The minutes revealed that one member stated "the conditions for further advancing the normalization of policy interest rates are likely largely in place," while emphasizing the need to assess underlying inflation trends. The minutes suggest a growing consensus among the nine-member committee that the timing for the next rate hike is approaching, consistent with Governor Kazuo Ueda's recent remarks indicating "possible action in the coming months."
As nearly all market watchers expect the central bank to raise borrowing costs by January at the latest, attention has shifted to whether the move will occur on December 19 or in January.
