DBS Bank: The Bank of Japan may still raise the policy Intrerest Rate in December.

According to Mars Finance, on October 31, DBS Bank analyst Ma Tieying commented that the Bank of Japan may still raise its policy interest rate by 25 basis points in December. This senior economist stated that Japanese labor unions are expected to set their wage negotiation targets for 2026 around November to December. She mentioned that the Japanese Trade Union Confederation has already indicated a wage rise target of 5% for 2026, the same as this year. The economist also noted that if the Fed postpones interest rate cuts in the December meeting, the possibility of the Bank of Japan raising rates in December may increase, creating a window of opportunity for action for the Bank of Japan. ( Jin10 )