All BOJ Watchers See Rate Hike Next Week as Hiking Cycle Resumes

The Bank of Japan will raise its policy interest rate next week, resuming the hiking cycle for the first time since January, according to a Bloomberg survey of BOJ watchers.

All 50 economists expect the central bank to raise its benchmark rate to 0.75% at a policy meeting concluding next Friday, according to the poll. This is the first time every respondent predicted a rate shift under Governor Kazuo Ueda’s watch.