The Bank of Japan is said to be leaning toward a rate hike at its December meeting, while keeping the option open for further tightening, according to a Bloomberg report citing people familiar with internal discussions. Policymakers will continue monitoring incoming economic data and market conditions right up to the final decision.
The headline immediately moved markets: the yen strengthened, JGB futures slipped, and traders increased pricing for a December hike
BOJ likely to hike in December, Bloomberg says; yen jumps on report
