BOJ Rate Hike on Tuesday Is Now Widely Expected After Wages Jump
- Central bank also seen axing ETF buys while still buying bonds
- Even after BOJ moves policy will remain largely supportive
Japan’s benchmark 10-year sovereign bond yield edged higher late Friday after the wage results.
Photographer: Shoko Takayasu/BloombergThis article is for subscribers only.
Bank of Japan Governor Kazuo Ueda and his board have one more day to decide if it’s time for the nation’s first interest rate hike in 17 years amid simmering speculation that it will proceed.
Some 90% of BOJ watchers sees the chance of authorities ending the negative rate on Tuesday at the meeting’s conclusion, with that likelihood bolstered after the nation’s largest union group announced first-round results to annual wage negotiations that far exceeded expectations.