-
BOJ to weigh rate hike next week, detail plan to halve bond buying, sources say
The Bank of Japan is likely to debate whether to raise interest rates when it meets next week and unveil a plan to roughly halve bond purchases in coming years, sources said, signalling its resolve to steadily unwind its massive monetary stimulus. The rate decision will depend on how long the board members prefer to wait for clarity on whether consumption will recover and keep inflation stably around the bank's 2 per cent target, said four people familiar with the BOJ's thinking. Over three-quarters of economists polled by Reuters expect the central bank to stand pat this month and possibly next move in September or ... (full story)