Former BOJ Economist Sees December Hike and 2% Terminal Rate
Former BOJ top economist Seisaku Kameda said the central bank is expected to raise rates in December and continue increasing borrowing costs next year until they reach 2%, citing mounting inflationary pressure.
By Leika KiharaThe Bank of Japan is expected to raise interest rates in December and keep lifting borrowing costs next year until they reach 2% to combat mounting inflationary pressure, the central bank's former top economist Seisaku Kameda said on Friday.The global market rout that sent Japanese s…