SMBC Nikko: BOJ may hike rates every four to five months
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According to a report from Jin10 on September 24, SMBC Nikko Securities strategist Yoshimasa Maruyama stated that the Bank of Japan (BOJ) may implement interest rate hikes every four to five months. The BOJ recently raised its policy rate to 1.25% last Friday, just three months after its previous increase. Maruyama cautioned that overly rapid tightening could pose downside risks to the economy. However, if upside risks to inflation increase significantly, the BOJ might shorten the interval between hikes to three months. SMBC Nikko Securities forecasts that the BOJ will raise rates again in January and June of next year, with the terminal interest rate reaching 1.75%. This analysis provides a forward-looking view on the pace of Japan's monetary policy normalization.
Source report
September 24 — The Bank of Japan (BOJ) could raise interest rates every four to five months, according to Yoshimasa Maruyama, a strategist at SMBC Nikko Securities.
The BOJ raised its policy rate to 1.25% last Friday, just three months after its previous hike. Maruyama noted that excessively rapid tightening could pose downside risks to the economy. However, if upside risks to inflation increase significantly, the BOJ may shorten the interval between rate hikes to three months.
SMBC Nikko Securities forecasts that the BOJ will raise rates again in January and June of next year, with the terminal rate expected to reach 1.75%.
Source
金十数据Regional
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Bank of Japan Expected to Raise Rates Every Three to Five Months, Analysts Say