In April, Bank of Japan (BOJ) board members shifted to a hawkish stance.

In April, Bank of Japan (BOJ) board members turned overwhelmingly hawkish, with many calling for steady interest rate hikes to prevent an inflation overshoot. Some members saw a faster-than-expected pace of interest rate hikes likely due to higher inflation prospects. The debate highlights BOJ Governor Kazuo Ueda's recent remarks signaling a potential increase in short-term borrowing costs in the coming months.

May 08, 2024
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