Former BoJ Governor Kuroda says there is no problem raising policy rate 3-4 times to around 1.5% through next year
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Saudi Defence Ministry says six ballistic missiles were launched towards the Riyadh region, two drones were intercepted, and the rest fell in Gulf waters and uninhabited areas
Former BoJ Governor Kuroda says there is no problem raising policy rate 3-4 times to around 1.5% through next year
Iranian Foreign Minister Araghchi says Iranian defence shall persist as long as needed
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Context
Former BoJ Governor Kuroda's comments on raising policy rates 3-4 times to around 1.5% suggest a potential shift in the Bank of Japan's, or BoJ's, monetary policy as inflation may be gaining traction. This hawkish tone could influence JPY strength and has immediate implications for fixed income markets, especially if it shifts expectations around the pace of tightening ahead.
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