RBC: Inflation in August may keep the Japan Central Bank on track for policy normalization.

On September 20, Jinshi data reported that the yen strengthened against other G10 and Asian currencies in early trading due to the prospect of further interest rate hikes by the Japanese Central Bank. Alvin T. Tan, Head of Asia Forex Strategy at Royal Bank of Canada (RBC) Capital Markets, stated in an email that the recently released CPI data for August in Japan indicates that the recent trend has been 'quite active'. Tan stated that this may prompt the Japanese Central Bank to continue on its path of policy normalization. In addition, as risk sentiment further recovers, the Japanese Central Bank may be keen to continue raising interest rates.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)