The Bank of Japan may raise interest rates to 1.5% by 2027, with a possible increase to 1% in July.
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ChainCatcher news, according to Golden Ten Data, S&P Global Market Intelligence economist Harumi Taguchi stated that the Bank of Japan may raise the policy rate from the current 0.75% to 1% in July, and hike rates again in December and in 2027, bringing the policy rate to 1.5%. Taguchi pointed out that rising oil prices and a weakening yen may intensify inflation concerns, prompting the Bank of Japan to further increase rates.
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