On December 5th, Bank of America economist Takayasu Kudo wrote in a report that after the Bank of Japan raises the target interest rate from 0.5% to 0.75% at its December 18-19 meeting, it is expected to continue raising the policy rate once every six months.
He said: "Based on recent developments such as corporate profits, wage negotiations, the depreciation of the yen in the foreign exchange market, and dialogue with the government, the Bank of Japan is increasingly clearly convinced that it can raise interest rates at the upcoming December meeting."
The economist expects the Bank of Japan to raise interest rates in June 2026, followed by further rate hikes in January and July 2027. [Golden Ten Data]
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