BOJ Debates June Rate Hike as Inflation Pressures Mount
BOJ policymakers discussed raising interest rates at their April meeting with some eyeing a June move. Inflation risks pushed bond yields to a 29-year high.
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Japan policymakers debated raising interest rates from 0.75% during their April meeting, with one member flagging a potential move in June. The benchmark 10-year Japanese government bond yield climbed to a 29-year high on Tuesday following the release of the April meeting summary. Oil shocks from the Middle East conflict raised pressure on the Bank of Japan to consider near-term tightening.
