Bank of Japan poised to raise rates to highest in 17 years

Baby steps...

Don't rock that boat too much

Japan's export-reliant economy.

Export-reliant where? I couldn't care less if Toyota is selling better in other countries if it means we have to pay a higher price for energy and other goods/ services.

raise its price forecasts on growing prospects that broadening wage gains will keep Japan on track

Better hope so.

I liked it better when there was a recession/deflation. At least the prices were stable. Prices for me have gone up about 30-40% on most fresh foods, bread and dairy that I buy.

One thing is clear - Nobody teaches bank of Japan how to do business, LEAST of all some American bank bailed-out by the government on American tax payers' expense. Usually the Japanese get it right, keep it stable and limit damages the best.

No matter what the BOJ does it is always tight to the U.S. economic outlook, Trump is going to do what ever he thinks needs to be done to stop the rest from destroying the U.S job market and industry then will watch the chips fall where they may.

For too long the rest of the world got a free ride off the backs of the U.S, Japan, and the rest of free world markets and that is NOT FAIR TRADE, free markets are suppose to be a two way trade but for many it is only a one - way trade.

Woody, American will be fighting over shoes,if China stop selling America shoes

Well many here are struggling to pay their mortages as it is. And since most are on floating rates, expect many to default. Japanese households just can't handle ANY rate increase.

Tora

Compared to most countries mortgage rates even after the hike are very low

If they can't handle a 1% increase then they brought a home clearly out of their price range.

Secondly most people are on fixed 10 year rates so expect a glut of foreclosures anytime soon

BoJ needs to hike rates to defend the yen and keep inflation expectations anchored to it's 2% target. Higher interest rates hurt with government debt at 250% of GDP, they should be tightening the budget to help reduce inflationary pressure instead of wasting ever more money.

SpeedJan. 20  05:30 pm JST

I liked it better when there was a recession/deflation. At least the prices were stable. Prices for me have gone up about 30-40% on most fresh foods, bread and dairy that I buy.

I Guess we will appreciate the time when prices didn’t go up our salary didn’t go up or down and inflation wasn’t anywhere to be seen.

sadly and I’m probably in a minority but inflation is only there to inflate debt away, for them to rinse and repeat it every few years, decades.

over the years and decade, Japan went from also NO sales tax, to 5% sales tax, to 10% sales taxes and they never seemed to pay off the debt. But they kept rolling in the money. And now they want more tax, more inflation, and higher interest rates. Might have been easier to have low interest rates and used the sales tax to pay your debt down, and now you’ve got a demographic bomb on your hands. And you had decades heads-up to sort that out.