Bank of Japan Governor Kazuo Ueda will size up the need to raise interest rates on Friday amid heightened expectations of a hike — and barring a market shock triggered by Donald Trump’s first few days in the White House.
Setting rates in Japan will become a delicate balancing act if tariffs materialize.
The Bank of Japan looks set to raise interest rates this week unless Trump’s inauguration address as U.S. president on Monday rattles financial markets, say people familiar with the central bank’s thinking.
The Bank of Japan is expected to raise its short-term interest rate to 0.5% this Friday, barring significant market disruptions as U.S. President-elect Donald Trump takes office. This move would mark the first
The move would mark the central bank's first rate hike since July last year, when it increased rates to 0.25%.
The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis, underscoring its confidence that rising wages will keep inflation stable around its 2% target.
FRANKFURT (Reuters) - Global economic policymakers had been braced for an economic firestorm from the new U.S. administration but instead got a surprisingly restrained start from Donald Trump, who remains big on rhetoric but more cautious on action - for now.
The possibility is 'quite high' if markets remain calm following Trump's inauguration on Monday as the 47th president of the United States.
The Bank of Japan hiked interest rates on Friday to their highest level in 17 years and signalled more were in the pipeline despite fears of turmoil under US President Donald Trump.
The Fed said the job market is “solid,” and noted that the unemployment rate “has stabilized at a low level in recent months.”
Asian markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan later in the day.
From Donald Trump's address at Davos 2025 to Maharashtra's potential 'No parking, no car' policy to tackle Mumbai’s congestion to Mr Beast throwing his hat into the ring to buy TikTok & more — Here are the top 11 news stories across business,