(Bloomberg) -- Japan’s key inflation gauge accelerated in August for a fourth consecutive month, hours before the Bank of Japan is scheduled to wrap up its...
-- Japan’s key inflation gauge accelerated in August for a fourth consecutive month, hours before the Bank of Japan is scheduled to wrap up its latest policy decision meeting.To Build a Happier City, Design for Density
The Bank of Japan is widely expected to leave the benchmark rate at 0.25% when its two-day meeting ends later Friday. Economists will be watching how Governor Kazuo Ueda will communicate the prospects for further interest rate hikes in the coming months. Over half of BOJ watchers see authorities conducting their next rate hike in December.
The BOJ’s communication is under scrutiny as a market crash after its July hike prompted BOJ officials to expand on its policy stance, with Deputy Governor Shinichi Uchida in particular saying the bank won’t raise the rate when markets are unstable.The bank’s policy making is also at a delicate point in time after the Federal Reserve conducted an outsize interest-rate cut, which initially pushed the yen higher versus the dollar.
Shohei Ohtani, in addition to joining the 50-50 club, broke a number of Dodgers records with his three-homer, 10-RBI game against the Marlins.Indiana Fever rookie guard Caitlin Clark is pretty good at making 3-pointers in the WNBA. She's so good that she recorded her 122nd 3-point basket of the season against the hosting Washington Mystics on Thursday night.
Bloomberg Japan Interest Rate Hikes Policy Decision Benchmark Rate Inflation Gauge
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