Central Banks
BOJ’s Hiking Pace May Be Faster Than Expected, Ex-Official Says
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The Bank of Japan may hike interest rates faster than many currently anticipate and it should strive to better telegraph those moves to ensure markets don’t panic, according to a former official.
“Rate hikes could be faster than everyone expects,” said Tsutomu Watanabe, the former official and an economics professor at the University of Tokyo. “Two more moves this year are possible,” he said.