BOJ May Signal Inflation Reached 2 Percent Target
Sources indicate the Bank of Japan may signal this month that underlying inflation has reached its two percent target. The move would reinforce market expectations for a December interest rate hike.
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The Bank of Japan may signal this month that underlying inflation has roughly hit its 2% target, three sources familiar with its thinking said. The move highlights the central bank's readiness to raise interest rates again in the coming months. The announcement would reinforce dominant market expectations for a December hike following a rate increase in September.
