RBC: Japan Inflation Data Supports BOJ September Rate Hike Expectations

On August 21, Abbas Keshvani, Head of Asia Macro Strategy at Royal Bank of Canada, stated that Japan's inflation data supports a rate hike by the Bank of Japan in September.

He noted that "the BOJ also took a more hawkish tone on inflation at its July meeting, and the market now expects the BOJ to accelerate the pace of rate hikes, with a 20 basis point increase in September." He added: "The BOJ knows that disappointing the market could lead to further yen weakness." (Jin Shi)

[TechFlow]