Japan Rate Hike Probability Soars Following Hawkish Comments

The likelihood of a 25 basis point interest rate hike by the Bank of Japan in December has increased significantly, reaching 81% according to Polymarket, following recent hawkish comments from the central bank’s governor and associated market fluctuations. The probability of maintaining the current interest rate remains at 17%. The Bank of Japan is scheduled to announce its rate decision on December 19th.