The Bank of Japan holds a two-day policy meeting concluding on Oct. 31, days after a general election where new Prime Minister Shigeru Ishiba faces a key...
TOKYO - The Bank of Japan holds a two-day policy meeting concluding on Oct. 31, days after a general election where new Prime Minister Shigeru Ishiba faces a key test on his agenda to prop up wages and revitalise the country's weak regional economies.IS BOJ GOING TO RAISE INTEREST RATES?
Central banks typically avoid changing policy around big political events. The BOJ has plenty of reason to stand pat with a domestic election scheduled on Oct. 27 and the U.S. presidential election looming early next month.The BOJ has said it will hike rates again if the economy and prices move in line with its forecast. That means its quarterly report, which will include the board's fresh growth and price forecasts, may offer clues on the next rate hike timing.
In a briefing in September, Ueda dropped signs of a pause by saying the BOJ can "afford" to spend time scrutinising risks. But the road could be bumpy. The BOJ hopes bumper wage hikes offered by firms this year will underpin consumption, and allow retailers to keep hiking prices. But slowing global demand may discourage manufacturers from offering big pay hikes next year.
Rate Hikes Rate Hike Meeting Volatile Markets
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Bank of Canada Official Sees Jumbo Rate Cut in OctoberAn ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month.
Read more »
Bank of Japan policy-maker calls for slow, cautious movement on rate hikesThe comments from Bank of Japan board member Asahi Noguchi reinforce market views that the central bank will be in no rush to lift borrowing costs
Read more »
National Bank Gets Green Light For $5 Billion Takeover Of Canadian Western BankCanada's National Bank has received approval from the Competition Bureau of Canada for its proposed $5 billion acquisition of Canadian Western Bank. This marks the second major bank merger in Canada within a year, following Royal Bank of Canada's purchase of HSBC Bank Canada earlier this year.
Read more »
National Bank clears big hurdle in bid to buy Canadian Western BankNational Bank's plan to takeover Canadian Western Bank still requires approval by the Office of the Superintendent of Financial Institutions and the minister of finance.
Read more »
China's central bank cuts bank reserve rates, pledges other moves to help the economyBEIJING (AP) — The Chinese central bank announced Tuesday a slew of measures aimed at reviving the sluggish economy by tackling a downturn in the property...
Read more »
China's central bank cuts bank reserve rates, pledges other moves to help the economyThe Chinese central bank announced Tuesday a slew of measures aimed at reviving the sluggish economy, mainly by tackling a downturn in the property sector.
Read more »