DBS Bank: Bank of Japan may still raise policy rates in December

Jinse Finance reported that Ma Tieying, an analyst at DBS Bank, stated in a commentary that the Bank of Japan still has the possibility of raising its policy rate by 25 basis points in December. The senior economist said that Japanese labor unions are expected to set their wage negotiation targets for 2026 around November to December. She noted that the Japanese Trade Union Confederation has already indicated a wage growth target of 5% for 2026, the same as this year. The economist also mentioned that if the Federal Reserve delays its rate cut at the December meeting, the likelihood of the Bank of Japan raising rates in December may increase, which would create a window of opportunity for the Bank of Japan to act. (Golden Ten Data)