Japan's Central Bank Expected to Raise Rates in October, SMBC Nikko Securities Says

According to economist Maruyama Yoshimasa of SMBC Nikko Securities, Japan's central bank is expected to raise rates again in October, based on the results of Thursday's branch heads meeting. Officials noted that despite tensions in the Middle East, production remains resilient with potential for further price transmission. Maruyama stated the meeting signals progress toward additional rate hikes, though the central bank's report did not convey urgency for an immediate rate increase at the next meeting.
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