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18th Dec 2025 12:33China+Weekly Monitor
  • The BoJ raised the policy rate by 25bp to 0.75% on Friday, surprising no one after earlier signalling.
  • Governor Ueda struck a neutral tone when addressing the prospect of further rate hikes.
  • Sluggish non-unionised wage rises and fragile growth will likely limit the BoJ to only one rate hike in 2026.

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Keywords for: 22 December 2025 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence