BOJ Officials Ready to Raise Rates to 30-Year High in December, Sources Say

Bank of Japan officials are prepared to raise interest rates at their late-December policy meeting, lifting the policy rate to its highest level since 1995, sources familiar with the matter said. The move depends on no major shocks hitting the economy or financial markets beforehand. Officials view the hike as an adjustment to monetary easing rather than tightening, given real rates remain below zero, and will signal further increases if economic projections materialize, JinShi reports.