Japan’s economy is recovering moderately, business sentiment remains firm, labor shortages persist — and big companies are set to push wage hikes again next year.
That combo matters. Growth + wages = BOJ has no rush to turn dovish.
Translation: The rate-hike path is still alive.
At this point, every BOJ headline is a jump scare for global markets.
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BOJ minutes just released 🇯🇵
Japan’s economy is recovering moderately, business sentiment remains firm, labor shortages persist — and big companies are set to push wage hikes again next year.
That combo matters.
Growth + wages = BOJ has no rush to turn dovish.
Translation:
The rate-hike path is still alive.
At this point, every BOJ headline is a jump scare for global markets.