Groundwork is set for BOJ rate hike next month, ex-official says
As of Monday afternoon in Tokyo, traders were assigning a roughly 80% probability of a rate hike when the board delivers its next policy decision.
The Bank of Japan may raise its key interest rate next month, according to a former board member. Market speculation suggests a 80% chance of a rate hike during the board's September 18 policy decision. Despite recent coordinated intervention by the U.S. and Japan, the yen remains weak, potentially fueling inflation if the bank holds rates steady. Former BOJ board member Seiji Adachi stated this during an interview on Monday.
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