Japan’s central bank has scope to hike its benchmark rate to as high as 0.5% by the end of the year if economic conditions stay more or less on the same track, according to a former member of the Bank of Japan’s policy board.
“It really depends on the real economy, but if economic expectations stay like the current situation, I think it would be OK for another one or two hikes, ending up at like 0.5% or so,” Takako Masai told Bloomberg TV Monday morning.
Source: Bloomberg
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