BOJ Rate Hike Support from Japan's Government
Japan's government is reportedly backing a faster rate hike by the Bank of Japan (BOJ), according to people familiar with the matter. Prime Minister Sanae Takaichi's administration is said to be supportive of a near-term rate hike, with the next move likely either in September or October.
The development suggests that the BOJ may soon tighten monetary policy further as it seeks to combat inflation and stabilize the economy.