Japan’s Manufacturer Sentiment Improves, Backing BOJ’s Hike Case

The article reports that Japan's manufacturer sentiment has improved for the second consecutive quarter, strengthening the case for the Bank of Japan (BOJ) to raise interest rates as early as this month. The improved confidence among large manufacturers in Japan suggests that the country's economy is recovering, despite the global economic challenges. This positive sentiment could provide the BOJ with the necessary justification to adjust its monetary policy and potentially raise interest rates. The article does not provide specific details on the extent of the improvement or the factors driving it. However, it suggests that the BOJ may be considering a rate hike in the near future, as the improved manufacturer sentiment aligns with the central bank's efforts to address inflation and maintain economic stability. Overall, the article highlights the positive developments in Japan's manufacturing sector, which could influence the BOJ's decision-making and potentially lead to changes in the country's monetary policy in the coming weeks.