Central Banks
BOJ Is Said to See Little Cost to Waiting for Next Rate Hike
- Some officials aren’t opposed to rate hike at December meeting
- Decision to be made only after assessing data and markets
Governor Kazuo Ueda and his board are set to discuss whether they need to raise the benchmark rate next week.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
Bank of Japan officials see little cost to waiting before raising interest rates while still being open to a hike next week depending on data and market developments, according to people familiar with the matter.
Even if the BOJ decides to wait until January or a while longer, authorities see it as not entailing a huge cost because signs point to limited risk that inflation might overshoot, the people said. At the same time, some officials are not against a rate hike at this meeting if it is proposed, according to the people.