BOJ Seen Raising Rates to Two Percent by Mid Next Year
Former BOJ board member Makoto Sakurai says the central bank may raise interest rates every quarter to reach two percent by June to counter rising inflation. Surging fuel costs and a weak yen are driving price pressures that could force faster policy tightening.
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Japan's central bank could raise interest rates every three months to 2% by mid-2027, former board member Makoto Sakurai said on Thursday. The path follows a rate hike to a 31-year high of 1.25% in September amid mounting inflation. Consumer inflation may exceed 3% by year-end, driven by surging import costs and robust demand.
