Central Banks
BOJ’s Deputy Chief Signals Chance of Rate Hike Next Week
- Board will be discussing need of rate hike, Himino says
- Himino gives last scheduled board member speech before meeting
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Bank of Japan Deputy Governor Ryozo Himino signaled an interest rate hike may happen next week by saying that the board will discuss it, in a comment that goes beyond recent remarks by his boss about the January meeting.
“In conducting monetary policy, it is difficult but essential to judge the right timing,” Himino said Tuesday in a speech to local business leaders in Yokohama. “The board will have discussion to decide whether to raise the policy rate or not, based on the outlook to be compiled” at the monetary policy meeting between Jan. 23-24, he said.