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2025-10-30 13:01:36
[Bank of Japan Expected to Raise Rates in December] Hirofumi Suzuki, chief foreign exchange strategist at Sumitomo Mitsui Banking Corporation, stated that the Bank of Japan's latest interest rate decision appears to be an independent decision based on its own assessment of the economic situation, and does not reflect political pressure. With the Sanae Takaichi government confirming policy continuity, the yen may continue to face downward pressure in the foreign exchange market. If the Bank of Japan continues to favor a gradual pace of rate hikes, it is expected to decide to raise rates at its December policy meeting.
