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Sources: BoJ could raise rates again at September 17-18 meeting
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A September BoJ hike is looking increasingly plausible, and if it happens, it would give the joint intervention the fundamental backing that MUFG and Goldman have both said is missing.
Summary:Sources cited by Jiji say the Bank of Japan may consider an additional interest rate increase at its September 17-18 policy meeting, following a rate hike in June.
Other recent reports noted that odds of a September hike were boosted following a hawkish Summary of Opinions from the BoJ's July meeting.
A separate report from the prior day suggested the BoJ could face pressure to act in September given the recent joint Japan-US yen intervention.
The Bank of Japan may consider raising interest rates again at its upcoming policy meeting on September 17 and 18, according to informed sources cited by Jiji, a move that would follow the central bank's rate increase in June.