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DBS Bank: Bank of Japan Still Likely to Raise Policy Rates in December
Summary: According to sources, DBS Bank analyst Ma Tieying commented that the Bank of Japan is still likely to raise its policy rates by 25 basis points in December. The senior economist expects Japanese unions to set their 2026 wage negotiation targets around November to December. She stated that the Japanese Trade Union Confederation has already ...
According to sources, DBS Bank analyst Ma Tieying commented that the Bank of Japan is still likely to raise its policy rates by 25 basis points in December.
The senior economist expects Japanese unions to set their 2026 wage negotiation targets around November to December. She stated that the Japanese Trade Union Confederation has already indicated a 5% wage growth target for 2026, the same as this year.
The economist also mentioned that if the Federal Reserve delays rate cuts at the December meeting, the likelihood of a rate hike by the Bank of Japan in December may increase, providing a window for action by the Bank of Japan.
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Link: DBS Bank: Bank of Japan Still Likely to Raise Policy Rates in December [Copy]
