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Exclusive-BOJ debates messaging on eventual rate hike as inflation perks up

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Reuters

By Leika Kihara TOKYO (Reuters) -Bank of Japan policymakers are debating how soon they can start telegraphing an eventual interest rate hike, which could come even before inflation hits the bank’s 2% target, sources say, emboldened by broadening price rises and a more hawkish Federal Reserve. While an actual rate hike is hardly imminent and the BOJ is on course to maintain ultra-loose policy at least for the rest of this year, financial markets may be under-estimating its readiness to gradually phase out its once-radical stimulus programme. Notably, the BOJ’s carefully worded promises to keep …

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