Takaichi aide projects BOJ rate hike in September
An economic adviser to Japanese Prime Minister Sanae Takaichi projects the central bank will raise interest rates this month. Takuji Aida expects subsequent quarterly hikes through January to address currency weakness.
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Japan will likely see a central bank rate hike in September, with further increases every quarter, according to an economic adviser to the prime minister. Takuji Aida said policymakers face a narrow window before parliament convenes in October. The shift signals a growing consensus within the administration to arrest weakness in USD/JPY.
