That wouldn't be Routhy, now would it?
The Street will screech!
BOJ to keep policy steady, signal more rate hikes to come
Sep 19th, 16:07:16
By Leika Kihara
TOKYO (Reuters) - The Bank of Japan is set to keep monetary policy steady on Friday, but signal its confidence that solid wage growth and consumption will allow the central bank to raise interest rates again in coming months.
Such hawkish communication would contrast with many other central banks that are now shifting to a rate-cut cycle, including the U.S. Federal Reserve, which delivered an oversized reduction in borrowing costs on Wednesday.
The divergence may cause more turbulence in markets with expectations of narrowing U.S.-Japan interest rate differentials already helping the yen rebound to around 143 versus the dollar, off the nearly three-decade low of 161.99 hit in early July.
Markets are focusing on any hints from Governor Kazuo Ueda on the timing and pace of future rate hikes at his post-meeting news conference.
"Having just raised rates in July, the BOJ will likely prefer to scrutinise market developments for the time being," said former BOJ official Nobuyasu Atago.
"It's natural to think the next rate hike will come in December" so the BOJ can gauge the impact of the Fed's rate cut as well as political events such as Japan's ruling party leadership race and the U.S. presidential election, he said.
At a two-day policy meeting concluding on Friday, the BOJ is widely expected to keep short-term interest rates steady at 0.25%, and maintain its view the economy will continue to recover moderately as rising wages underpin consumption.
https://app.piqsuite.com/reuters/boj-to-keep-policy-steady-signal-more-rate-hikes-to-come-2024-09-19-21-06-57
So NOT a well know Former DoJ Offishul….