Eco Week Ahead
Bank of Japan Is Set to Raise Interest Rates, Trump Permitting
- Trump will speak in Davos three days after inauguration
- Global purchasing manager indexes to provide early snapshot
Kazuo Ueda
Photographer: Toru Hanai/BloombergThis article is for subscribers only.
Bank of Japan Governor Kazuo Ueda will size up the need to raise interest rates on Friday amid heightened expectations of a hike — and barring a market shock triggered by Donald Trump’s first few days in the White House.
While the rest of the central banking world has been focusing on the pace of cuts, especially those at the Federal Reserve, Ueda and his board are still heading in the other direction as they look to gradually pull Japan back in the direction of conventional policy settings.