Bank of Japan Hints at December Rate Hike, Altering Market Expectations

The Bank of Japan has signaled a potential rate hike in December, prompting significant shifts in market predictions and impacting global financial markets. Governor Kazuo Ueda’s speech on December 1st sparked this hawkish stance, with the prospect of a 25 basis point increase increasing from 50% to 85%. This unexpected shift reflects a focus on combating inflation.