The Bank of Japan is signaling a near-term interest rate hike, with a board member suggesting a decision is imminent and won’t wait for next year’s wage talks. This follows recent comments from the Governor, indicating growing momentum for an increase to address persistent inflation and normalize borrowing costs. The central bank aims to manage economic conditions effectively.
West Asia tensions rattle capital goods stocks; L&T, KEC slide
Engineering and capital goods stocks are under pressure due to the Iran-Israel conflict, with the BSE Capital Goods index falling nearly 4%. Companies like Larsen