Expectations are rising for a Bank of Japan (BOJ) rate hike next week, following an upward revision of Japan's Q2 GDP and the largest increase in real wages in five years in July, leading the Nikkei 225 to fall nearly 2% on Tuesday.
Expectations are rising that the Bank of Japan (BOJ) will almost certainly raise interest rates next week, supported primarily by the upward revision of Japan's Q2 GDP estimate released on Tuesday and the largest annual increase in real wages in five years in July. There is even market speculation that the BOJ might consider a rate hike exceeding 25 basis points. In response, the Nikkei 225 index fell by nearly 2% on Tuesday.
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