Yen's Volatility Complicates BOJ's Rate Hike Plans, Minutes Show The Bank of Japan’s June policy meeting minutes reveal a growing hawkish sentiment among board members, with at least two calling for an early interest rate increase. Discussions focused on the yen’s weakness pushing up inflation and the need for close attention to currency movements in monetary policy decisions. These concerns led to the BOJ’s July decision to raise interest rates to 15-year highs. However, the recent sharp appreciation of the yen to a 7-month high may influence future rate hike decisions. Markets are now looking to Deputy Governor Shinichi Uchida’s upcoming speech for clues on the pace of future rate increases, with some economists expecting a more gradual approach to tightening. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Housing Costs Drive a Wedge Between Fed’s and Popular Inflation Metrics READ MORE Fed's Harker Leans Towards Modest 25bp Rate Cut to Start Easing Cycle READ MORE Citi Analysts Eye $3,000 Mark for Gold READ MORE Copper Prices Dip Amidst Dollar Strength and China's Real Estate Slump READ MORE Gold Hovers Near $2,400 as Rate Cut Expectations Grow READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment