Reuters – BOJ nearing decision to raise rates
TOKYO (Reuters) -The Bank of Japan is “nearing” a decision to raise interest rates and will not wait until after next year’s spring wage negotiations end, its board member Kazuyuki Masu was quoted in the Nikkei newspaper as saying.
The remark follows those by Governor Kazuo Ueda on Friday signalling the chance of a December rate hike, and highlight a growing momentum within the board for a near-term increase in Japan’s still low borrowing costs.
“I can’t say what month it’ll be, but in terms of distance, we’re close,” Masu said on the timing of the central bank’s next rate hike, according to the Nikkei, which interviewed him on Thursday.
h/t Hephaestus4