Bank of Japan rate hike probability reaches 93%; Ueda Kazuo absent from policy meeting due to hospitalization
Reuters, based on data from the swaps market, shows that the probability of Japan’s central bank (BOJ) raising interest rates from 0.75% to 1% at its policy meeting on June 15-16 is 93%. This would be Japan’s highest policy rate since 1995. BOJ Governor Kazuo Ueda (74) was admitted to the hospital on June 10 due to an infection from a liver cyst, and will be absent from this two-day policy meeting; the meeting will be chaired by Deputy Governor Ryozo Hino. Rate-hike expectations confirmed: Reute
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MarketWhisper·06-12 03:27
