Economists see BOJ raising rates to 1.0 percent in June
A Reuters poll shows most economists expect the Bank of Japan to raise rates to 1.0% in June. The hike aims to curb inflation and support the weakening yen.
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The Bank of Japan is expected to raise its policy rate to 1.0% in June, according to 65% of economists polled by Reuters. The central bank held rates at 0.75% in April despite three board members calling for an immediate hike. A June hike would support the yen after authorities spent roughly 10 trillion yen ($63.35 billion) on currency interventions in recent weeks.
