Lates News

David Chao, Invesco's Global Market Strategist for Asia Pacific, said: "One thing I take away from the preliminary report is that its hawkish inflation outlook paves the way for a potential rate hike in December... Everyone will be watching Ueda's remarks at this afternoon's press conference to see whether he leans hawkish or dovish, and whether he hints at how much further rates can rise." "The surprise is the BOJ's decision to accelerate the pace of its ETF sales without trying to destabilize the market. While this may initially trigger market panic, I actually see it as a positive development, because it shows the BOJ has enough confidence in the economy and the market."