{"id":127190,"date":"2025-11-10T02:52:06","date_gmt":"2025-11-10T02:52:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/127190\/"},"modified":"2025-11-10T02:52:06","modified_gmt":"2025-11-10T02:52:06","slug":"boj-edges-closer-to-rate-hike-as-board-signals-rising-confidence-in-wage-momentum","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/127190\/","title":{"rendered":"BOJ edges closer to rate hike as board signals rising confidence in wage momentum"},"content":{"rendered":"<p data-start=\"146\" data-end=\"396\" data-v-4026719d=\"\">Bank of Japan policymakers discussed the likelihood of a near-term rate hike at their October meeting, with most members leaning toward tightening if wage momentum and economic conditions stay supportive, according to a summary released Monday. <\/p>\n<p data-start=\"146\" data-end=\"396\" data-v-4026719d=\"\">I put up a piece on the Summary earlier:<\/p>\n<p data-start=\"146\" data-end=\"396\" data-v-4026719d=\"\">Reuters have a recap now, in summary:<\/p>\n<p data-start=\"398\" data-end=\"785\" data-v-4026719d=\"\">Of the 13 policy opinions expressed by the nine-member board, eight called for a rate increase soon or outlined conditions that could justify one. Several members said the Bank must not \u201cmiss the timing\u201d to raise its policy rate, while others said a move would depend on confirming that firms\u2019 wage-setting momentum continues and that no major shocks hit the global economy or markets.<\/p>\n<p data-start=\"787\" data-end=\"1106\" data-v-4026719d=\"\">At the two-day meeting ending October 30, the BOJ kept its policy rate unchanged at 0.5%, though two members dissented in favour of a hike to 0.75%. Governor Kazuo Ueda said afterward he preferred to see \u201ca bit more data\u201d to confirm that companies will sustain pay increases despite the drag from higher U.S. tariffs.<\/p>\n<p data-start=\"1108\" data-end=\"1304\" data-v-4026719d=\"\">The summary suggests the central bank is growing more confident about normalising policy but remains cautious about timing, with a focus on verifying wage resilience before taking the next step.<\/p>\n","protected":false},"excerpt":{"rendered":"Bank of Japan policymakers discussed the likelihood of a near-term rate hike at their October meeting, with most&hellip;\n","protected":false},"author":2,"featured_media":127191,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[88279,138,219,111,139,69],"class_list":["post-127190","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-boj-signals-tightening-bias","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/127190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=127190"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/127190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/127191"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=127190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=127190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=127190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}