Japan political turmoil a risk for BOJ December hike, former board member says
Business
MUMBAI : Political turmoil after Japan's ruling coalition lost its majority in a snap election last weekend could lead the Bank of Japan to delay its next interest rate hike until January, a former BOJ board member said on Friday. "If the yen depreciates further (against the dollar), the probability of a rate hike by Bank of Japan in December will increase, but otherwise I think that January of next year could be likely," said Takahide Kiuchi, who sat on the BOJ board from 2012 to 2017. Kiuchi
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