Bank of Japan Eyes Target

TokyoThree sources say Japan’s central bank may declare 2% reached.

Markets already expect a December rate hike, and the signal would reinforce it.

The bank lifted its rate to 1.25%, a 31-year high, in September and now stresses anchoring underlying inflation near 2%.

Many officials want more data before another hike, and the tankan survey showed corporate inflation moving sideways, sources said.

The Bank of Japan decides on 30 October, and its quarterly report would carry the wording.

Sources: Reuters