A recent survey of economists suggests that the Bank of Japan (BOJ) is expected to continue raising interest rates, with the next hike anticipated to occur by July. Former BOJ policymaker Sakurai believes that the central bank may ultimately target a 1.5% rate, reflecting Japan's robust economic growth and steady inflation prospects. The BOJ recently raised short-term interest rates to 0.5%, showing confidence in Japan's growing economy, rising wages, and steady inflation. The survey found that 56% of experts expect the next rate hike to occur in July. Governor Kazuo Ueda is expected to proceed cautiously to avoid market disruptions, with the BOJ's next policy meetings in March and April providing further insights into its plans. Overall, the BOJ is taking a cautious but firm approach to unwinding its easy monetary policies.



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