BOJ Watchers See Gradual Rate Hikes With Higher Terminal Rate

Bank of Japan watchers still expect the pace of interest rate hikes to be gradual, although they now see rates rising to a higher level in the current cycle, according to the latest Bloomberg survey.

All 52 economists expect no policy change at the two-day meeting ending on March 19, according to the poll. July remained the favorite choice for the next hike with 48% expecting a move then, dropping from 56% in the previous survey.