A Reuters poll showed the Bank of Japan (BoJ) will hike interest rates to 1.25% at its September policy meeting and then to 1.75% in the second quarter (Q2) of 2027, earlier than previously expected, amid persistent concerns over broadening price pressures and Japanese Yen (JPY) weakness.
The Bank of Japan (BoJ) is set to raise interest rates to 1.25% at its September policy meeting, according to a Reuters poll, with additional hikes to 1.75% in the second quarter of 2027. This move is driven by persistent concerns over rising price pressures and a weakening Japanese Yen. A survey of 68 economists showed that 82% of them expect the BoJ to raise rates in September, up from 57% in a previous poll.
Additionally, 24 economists anticipate another rate hike to 1.50% in either October or December, marking a significant increase from the previous 8%. The USD/JPY pair has shown an increase of 0.05% to 153.60 during the Asian session.
Brief written by urgent.news from FXStreet's own syndicated text.
Machine-written — may contain errors; check the original before relying on it.
Treasury Secretary Scott Bessent challenged traders to test his resolve on boosting Japan’s currency, saying when he wades into markets these days he’s effectively doing so with inside information.
Nigeria’s return to the FTSE Russell Frontier Market Index is positive but won’t guarantee foreign inflows without improved FX liquidity, says Comercio Par Read More…
