BOJ Set to Hold Rates, Signal Scope for Further Hikes
The Bank of Japan is set to keep rates steady on Friday while emphasizing its focus on preventing underlying inflation from overshooting its 2% target. The guidance could leave room for a rate hike as soon as December.
By Leika KiharaThe Bank of Japan is set to keep interest rates steady on Friday but stress its focus on preventing underlying inflation from overshooting its 2% target, suggesting scope to hike borrowing costs as soon as December.Such guidance would reinforce the central bank's message last month t…