#日本加息已成定局 The Bank of Japan is about to take major action! Interest rate hike is certain in December, will next year's rate soar to 1%?

The Bank of Japan is going to adjust interest rates again, and this time the market has almost reached a consensus! Reuters' latest survey reveals shocking news, with 90% of economists betting on a 25 basis point rate hike at the Bank of Japan's December meeting, raising the short-term rate from 0.5% to 0.75%. This marks the first rate hike since January this year, nearly doubling the expected ratio from last month. Even more aggressive, over two-thirds of respondents predict that by September next year, Japan's interest rate will surge to 1%!

The underlying reason is very realistic: Japan's inflation cannot be suppressed, and the yen continues to plummet. The government led by Prime Minister Fumio Kishida has no choice but to accept this outcome. It is noteworthy that this survey covered 70 economists, with 63 supporting the rate hike, reflecting the market's certainty regarding this action.

Now, Japan's financial market is set for a transformation, and global exchange rates and capital flows will also be impacted. Do you think the Bank of Japan can withstand inflation and save the yen with this rate hike? Come to the comments section to share your views!