‼️ BREAKING: The Bank of Japan raised rates at its fastest pace since 1990, but opposition from two Takaichi-appointed board members underscores Prime Minister Takaichi’s strong resistance to further tightening. While the BOJ will assess the timing and pace of future adjustments amid Middle East risks, AI-driven demand and FX developments, its renewed focus on stabilising underlying CPI near 2% is unchanged from July and does not signal a materially more hawkish stance.
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