The central bank will eventually aim to raise short-term borrowing costs ― currently at 0.25 percent ― to 1.5 percent or 2 percent by the end of Governor Kazuo Ueda's term in April 2028, he said.
TOKYO ― The Bank of Japan is likely to raise interest rates in coming months with January emerging as the most likely timing, when there will be more clarity on political and market developments, former BoJ board member Makoto Sakurai said on Tuesday.The central bank will eventually aim to raise short-term borrowing costs ― currently at 0.25 percent ― to 1.5 percent or 2 percent by the end of Governor Kazuo Ueda's term in April 2028, he said.
Ueda has stressed the BoJ's readiness to keep raising rates if the economy and prices move in line with its forecast.While most analysts expect the BoJ to hike again by the March end of the current fiscal year, they are split on whether the bank would act in December ― or wait until January or March.The loss of a majority by Japan's ruling coalition in an election on Oct.
To Raise Rates Again Most Likely In January
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