As of Monday afternoon in Tokyo, traders were assigning a roughly 80% probability of a rate hike when the board delivers its next policy decision.
The Bank of Japan will probably raise its benchmark interest rate next month, validating widespread market speculation, and follow up with another increase as early as January, according to a former BOJ board member. As of Monday afternoon in Tokyo, traders were assigning a roughly 80% probability of a rate hike when the board delivers its next policy decision on Sept. 18. With the yen still weak even after U.S.-Japan coordinated intervention, a decision to hold settings steady could reignite a selloff of the currency, raising the risk of faster inflation due to costly imports, Seiji Adachi, who served on the board until March 2025, said Monday in an interview.
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