ING Expects Bank Of Japan Rate Hike Timing To Move Forward To October From December

ING analysts said in a research note that Tokyo core CPI data indicated that second-round effects from higher oil prices were strengthening, while comments from Bank of Japan officials had become more hawkish. According to Jin10, ING said core inflation could continue to accelerate in the future and it therefore brought forward its expectation for the Bank of Japan’s next rate hike to October from December.