BOJ’s Deputy Chief Himino Signals Chance of Rate Hike Next Week
Live Mint-- Bank of Japan Deputy Governor Ryozo Himino signaled the possibility of an interest rate hike next week by saying that the board will be discussing it, making it clear that the option is on the table. In the last scheduled speech by a BOJ policy board member ahead of next week’s meeting, Himino indicated his expectations for wage increases to be solid this year. Himino said that that’s something the BOJ has to keep watching, although the broad picture may become clearer shortly after Donald Trump takes over the White House next week, a few days before the BOJ’s policy meeting. “Continuous monitoring will be warranted, but the inaugural address next week will give us an idea on the broad direction of policies the new administration will pursue,” Himino said.