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Next Sunday, the central bank will announce its decision. According to HSBC, strong wage growth and economic recovery make interest rate hikes a certainty!
HSBC expects that the Bank of Japan will raise the policy interest rate to 0.5% at the meeting on January 24, with key factors for this decision being the continued improvement in economic activity and price performance in Japan. Companies are increasingly optimistic about wage growth, and more companies have explicitly proposed future salary increase plans.