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Market Chatter: Bank of Japan Considering Rate Hike in June Meeting

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Japan's central bank is considering raising the country's policy rate by 0.25% to 1% at its upcoming meeting later this month, Bloomberg reported Thursday, citing people familiar with the matter.

Bank of Japan officials are set to announce their decision at a policy meeting ending June 16 amid high uncertainties over the Middle East conflict. Officials will sift through as much data as possible until the last minute before making a final decision, the report said.

The decision may not be unanimous, though opposition is likely to be muted and not strong enough to prevent a rate increase, Bloomberg reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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