Bank of Japan Governor may hike rates in September

Bank of Japan Governor Kazuo Ueda has stated that Japan's core inflation rate is approaching the central bank's 2% target, raising the possibility of an interest rate hike at the upcoming monetary policy meeting mid-September. Although the current interest rate remains at 1%, the bank may raise it again due to factors such as rising inflation, currency movements, tensions in the Middle East, and demand for artificial intelligence. Market experts anticipate that this decision will be considered during the two scheduled meetings on September 17 and 18.

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