businessBank of Japan Prepares for Crucial Interest Rate Decision as Core Inflation Persists
The Bank of Japan convened the first session of its two-day monetary policy meeting today in Tokyo, with governor Kazuo Ueda and board members deliberating whether to execute another interest rate increase. With Tokyo-area core consumer inflation holding stubbornly above 2.8 percent and annual wage growth maintaining upward momentum, currency and bond markets are preparing for possible policy tightening.