Bank of Japan Maintains Rates, Upgrades Consumption Outlook

BOJ signals confidence in economic recovery, hints at potential rate hike in coming months.

• The Bank of Japan (BOJ) kept short-term interest rates steady at 0.25% during its two-day meeting.
• BOJ upgraded its assessment of private consumption, noting a moderate increasing trend despite rising prices.
• Core consumer inflation in Japan accelerated to 2.8% in August, marking the fourth consecutive month above the BOJ's 2% target.
• Governor Kazuo Ueda emphasized that future rate hikes depend on achieving economic and price forecasts.
• Market expectations for a near-term rate hike remain, with many economists predicting a December increase.

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