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 China's Middle Class and Youth Turn to Gold as Traditional Markets Lose Shine READ MORE Concerns Arise Over CPI Data Accuracy with Response Rates Lagging READ MORE Gold's Glitter May Fade: Expert Cautions on Gold's Vulnerability Post-Rally READ MORE Gold Hits New Peak: Why It's Just Getting Started READ MORE Golden Opportunities in a Turbulent World: Precious Metals Thrive Amidst Polycrisis READ MORE Add a Comment Cancel replyYour email address will not be published.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