EWJ The Bank of Japan on Friday warned for the first time that underlying inflation could exceed its target and said future policy discussio
EWJ The Bank of Japan on Friday warned for the first time that underlying inflation could exceed its target and said future policy discussions would focus on upside price risks, signaling the chance of a rate hike as soon as September. At the two-day policy meeting that ended on Friday, the BOJ kept short-term interest rates steady at 1%, as widely expected after a hike to the 31-year-high level just last month. The BOJ's decision and its hawkish statement pushed up the two-year Japanese government bond yield.
EWJ The Bank of Japan on Friday warned for the first time that underlying inflation could exceed its target and said future policy discussions would focus on upside price risks, signaling the chance of a rate hike as soon as September.
At the two-day policy meeting that ended on Friday, the BOJ kept short-term interest rates steady at 1%, as widely expected after a hike to the 31-year-high level just last month.
The BOJ's decision and its hawkish statement pushed up the two-year Japanese government bond yield.