TOKYO (Reuters) -The Bank of Japan cut its economic assessment for most regions on Thursday but signalled its confidence that wage hikes were broadening, leaving scope for another hike in the country's still-low interest rates. "With strong wage hikes sustained for two straight years, companies are changing their behaviour to cope with rising labour costs," such as boosting investment to streamline operations, the BOJ said. The BOJ's regional report will be among factors the board will scrutinise in producing fresh quarterly growth and inflation forecasts at its next rate review on April 25-26.
Middle East throws central banks yet more unknowns rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
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After months playing catch-up with
inflation, central bankers were starting to believe they have
finally pegged interest rates at just about the right level to
keep a lid on prices without completely.