TOKYO -- The recent agreement by the U.S. and China to slash tariffs has revived speculation about the Bank of Japan raising interest rates past 0.5% for the first time in three decades, though caution remains given the uncertain tariff outlook for Japan.
Bank of Japan
Bank of Japan rate-hike odds rebound on US-China tariff progress
Swap market suggests 79% chance this year, but trade uncertainty still weighs
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The Bank of Japan held interest rates steady at its most recent meeting. (Photo by Satoko Kawasaki)
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