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Japan's inflation-adjusted wages increased for two consecutive months, with July showing a 0. 4% growth. The rise, attributed to summer bonuses, is crucial for potential Bank of Japan interest rate adjustments.
Tokyo's core consumer prices rose 2. 4% in August, exceeding forecasts and potentially supporting further interest rate increases. The Bank of Japan's recent policy shifts reflect efforts to maintain inflation near its 2% target.
Asian stock markets showed mixed performance as investors anticipate Federal Reserve Chair Jerome Powell's speech at Jackson Hole. Japan's central bank hints at potential gradual interest rate increases.
The Bank of Japan unexpectedly raised interest rates and announced plans to slow bond purchases. Governor Ueda hinted at potential further rate hikes, marking a significant shift in Japan's monetary policy.
Bank of Japan considers raising interest rates and reducing bond purchases at upcoming meeting. Decision hinges on consumption outlook and inflation stability, with board members divided on timing.