Reported 2 months ago
Following Governor Kazuo Ueda's recent hawkish comments and an unexpected interest rate hike, most analysts are reevaluating their forecasts for the Bank of Japan's rate trajectory. According to a recent Bloomberg survey, 68% of economists now predict a rise in the policy rate to 0.5% by the end of the year, with a significant portion anticipating hikes as early as October. Ueda's determination to normalize policy has increased confidence among analysts regarding future rate increases.
Source: YAHOO