BOJ Confronts a Challenging Year Ahead Amid Conflicting Demands
The Bank of Japan is widely expected to raise its key rate on Friday. The path ahead gets murkier.
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I’m Malcolm Scott, international economics editor in Sydney. Today we’re looking at the Bank of Japan’s tricky path ahead. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
Governor Kazuo Ueda is widely expected to raise the Bank of Japan’s key rate to the highest level in three decades on Friday. That’s a win for the former academic who’s been able to normalize policy after decades of experimentation without sending markets into a tailspin or crashing the economy.