BOJ signals rapid rate hikes, December hike possible as inflation hits 2% target

The Bank of Japan is prepared to raise its policy rate at a relatively rapid pace, with December as the next likely window, as underlying inflation is estimated to have reached the 2% target. This marks a potential acceleration in normalization from the BOJ's gradual approach, signaling a shift toward more aggressive tightening. The move would impact global yields and the yen, with implications for carry trades and Japanese asset allocations.

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