0338 GMT - Japan's stronger-than-expected 4Q GDP data released earlier provides support for the Bank of Japan's policy normalization, ING's Min Joo Kang says in a research report. Both growth and inflation conditions in Japan point to quicker-than-anticipated rate action by the BOJ, says the senior economist for Japan and South Korea. Given the upside risk for higher inflation in Japan, the BOJ will likely raise rates as early as the meeting on April 30 and May 1 if this year's outcome of Shunto wage negotiations is as strong as last year's, the economist adds. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 16, 2025 22:38 ET (03:38 GMT)
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