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2025-10-31 10:37:09
[Institution: Bank of Japan Still Likely to Raise Rates in December] Ma Tieying of DBS Group Research stated that the Bank of Japan may still raise its policy rate by 25 basis points in December. Japanese labor unions are expected to set their 2026 wage negotiation targets around November or December. The Japan Federation of Trade Unions (Rengo) has signaled that it will set its 2026 wage growth target at 5%, the same as this year. Furthermore, if the Federal Reserve does not cut rates at its December meeting, the likelihood of a rate hike by the Bank of Japan in December may increase, thus providing a window for the Bank of Japan to take action that month.
