More Economists See BOJ Rate Hike in October, Flag July Risk
- Almost all surveyed analysts see BOJ standing pat in April
- Bank’s latest inflation forecasts and risk wording in focus
Bank of Japan Governor Kazuo Ueda hinted at a chance of a rate hike in the second half of this year.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
An increasing number of economists expects the Bank of Japan to raise interest rates again in October after it stands pat next week, with most of them flagging an earlier move in July as a risk scenario, according to a Bloomberg survey.
All 54 economists except for one predict no policy change at the central bank’s two-day meeting ending on April 26, following last month’s decision to push up rates for the first time since 2007 and call time on a massive monetary stimulus program.