BOJ Seen Raising Key Rate to 1.25 Percent in September
A Reuters poll shows a majority of economists expect the Bank of Japan to accelerate monetary tightening and raise interest rates to 1.25 percent in September. Persistent yen weakness and rising inflation pressures drive the shift.
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Japan will accelerate monetary tightening and raise interest rates to 1.25% in September, according to 57% of economists surveyed by Reuters. The shift follows persistent depreciation in USD/JPY and escalating inflation concerns. Economists now project a higher terminal rate as the central bank contends with external price pressures.
