Updated
Updated · Bloomberg · Jul 23
Half of 52 Economists See BOJ Delaying Next Rate Hike Until December
Updated
Updated · Bloomberg · Jul 23

Half of 52 Economists See BOJ Delaying Next Rate Hike Until December

3 articles · Updated · Bloomberg · Jul 23

Summary

  • 50% of 52 economists surveyed by Bloomberg expect the Bank of Japan to wait until December for its next benchmark rate increase, while 40% see a move in October.
  • Prime Minister Sanae Takaichi’s government was cited as a key obstacle to further tightening, shaping expectations that the BOJ will move more slowly.
  • The timing debate follows the BOJ’s rate hike last month, leaving December as the single most likely window even though a sizable minority still expects action earlier.

Insights

With markets and economists split, what hidden factor will dictate the Bank of Japan's next move?
Can the Bank of Japan raise interest rates to save the yen without crippling the fragile economy?
Will Japan's government curb its spending ambitions to help the central bank rescue the falling yen?