Global Market: BOJ seen nearing 2% inflation target as markets eye December rate hike

Economic Times - Oct 6, 2026

The Bank of Japan may signal later this month that underlying inflation has reached its 2% target, strengthening expectations for a December rate hike. While policymakers remain cautious after recent increases, steady wages, rising prices and yen weakness could support further tightening as the BOJ gradually normalises monetary policy.

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