{
  "id": 18467632,
  "title": "BOJ to hike in December, seek terminal rate of 2%, says ex-central bank top economist",
  "url": "https://urgent.news/2026/11/06/boj-to-hike-in-december-seek-terminal-rate-of-2-says-ex-central-bank-18467632",
  "topic": "world",
  "section": "World",
  "published": "2026-11-06T07:42:00.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/boj-hike-in-december-seek-terminal-rate-2-says-ex-central-bank-top-economist-6530521"
  },
  "original_language": "en",
  "account": "The Bank of Japan (BOJ) plans to raise interest rates in December, aiming to reach a terminal rate of 2%, according to Seisaku Kameda, the central bank's former top economist. Kameda told Reuters that the global market downturn, which caused Japanese stocks to plummet, is not likely to prevent the rate hike unless the volatility continues until the December 17-18 meeting. The BOJ may pause the rate hikes if a severe downturn in the U.S. economy due to an AI boom hits Japan, but otherwise, it is expected to increase its policy rate to 1.5% in December and continue raising it roughly once a quarter until it reaches the 2% terminal rate. Kameda noted that Japan's economy can handle these rate hikes with strong corporate profits and possible support from a scheduled sales tax cut on food items. Consumer inflation is also expected to rise in the coming months due to firms passing on costs, including for food products, and stubbornly high energy costs and rising import prices because of a weak yen. The BOJ raised rates in September and June, a faster pace than in 2024 and 2025, and signaled its determination to combat inflation by raising rates in June and September. Kameda, who is now an economist at Japan's Sompo Institute Plus, said the rate hike announcement came too late as most of the indicators cited by the BOJ as gauges of underlying inflation had already reached the 2% target.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "BOJ to hike in December, seek terminal rate of 2%, says ex-central bank top economist",
        "url": "https://urgent.news/2026/11/06/boj-to-hike-in-december-seek-terminal-rate-of-2-says-ex-central-bank",
        "published": "2026-11-06T07:48:24.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}