Bank of Japan Rate Hike Odds Rise With Strong Export Performance
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ING Economic and Financial Analysis4.96K FollowersFollow5ShareSavePlay(6min)CommentsSummaryJapan’s exports increased for a third straight month, and core machinery orders are up, indicating that the economy is recovering from last quarter’s contraction.The Bank of Japan is expected to deliver a 25 bp hike on Friday, even if forward guidance is likely to remain neutral.Looking ahead, the BoJ will closely evaluate the impact of higher interest rates on the economy, such as corporate borrowing, bank lending, private consumption, and capital expenditures. winhorse/iStock Unreleased via Getty Images By Min Joo Kang, Senior Economist, South Korea and Japan Exports grew faster than expected in November on the back of solid demand from the US and EU Japan’s exports rose 6.1% year-on-year in November (vs. 3.6% inThis article was written byING Economic and Financial Analysis4.96K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.