On December 1 a Governor for the Bank of Japan indicated that the BOJ would likely increase their policy rate at the next meeting on December 19. Inflation has been consistently above the BOJ’s 2% target, with the Headline CPI at 3.0% in November and the Core CPI at 3.1%. On November 20 Japan’s new Prime Minister Sanae Takaichi announced she was proposing a new fiscal stimulus package of more than $135 billion to ‘ Implement the concept of wise spending and carry out strategic fiscal expenditure to protect the lives of our citizens and build a stronger economy. What...
