Hawkish Bank of Japan Signals Will Buoy Yen, Strategists Say
- BOJ is belatedly catching up on interest rates: DBS Bank
- BOJ raised FY2025 core CPI forecast to 2.4% from 1.9%
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The yen is primed for further gains after the Bank of Japan sent hawkish signals while raising the benchmark interest rate, according to strategists.
The upward revision in inflation expectations for the fiscal year 2025 has given the central bank room to raise rates again this year. In line with market expectations, the BOJ raised its key policy rate Friday to the highest level in 17 years.