Central Banks
BOJ Watchers See Rising Case for April Rate Hike on Wage Talks
- RBC’s Tan sees 90% chance of BOJ interest rate rise in April
- Change in Ueda’s tone is apparent: Saxo’s Chanana says
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The case is building for the Bank of Japan to increase interest rates at its April meeting, as investors tighten their focus on the outcome of spring wage negotiations, according to strategists.
The yen rose as much as 0.8% against the dollar and Japanese bond futures fell after BOJ Governor Kazuo Ueda said at a press conference that certainty for the outlook is rising gradually, and that he will consider ending negative rates if the price goal comes into view.