Japan Likely to Raise Interest Rates
Japan's central bank is expected to raise interest rates to 1.25% at its upcoming meeting, amid persistent inflation and pressures from rising inflation and wages, as well as the impact of US pressures on the Japanese yen. This is likely to accelerate the monetary tightening cycle, with a possible 25 basis point increase, according to a survey of about 18 economists. The decision comes as inflation continues to rise, reaching 1.9% in July, with Japan facing pressures from higher energy prices and wages, alongside ongoing tensions with the United States that are pushing for a stronger yen and economic support.
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