Bank of Japan Watch BOJ Watch: Bank of Japan will resume tightening in October We suspect that the Bank of Japan will stick to its downbeat outlook for economic activity at its upcoming meeting. However, we doubt that trade tensions will weigh on inflation as much as... 10th June 2025 · 9 mins read
Bank of Japan Watch Bank of Japan will hike again in July The Bank of Japan will revise down its forecasts for GDP growth at the upcoming meeting and keep policy settings unchanged. However, we expect the Board to signal continued confidence in meeting its... 24th April 2025 · 7 mins read
Bank of Japan Watch Case for further BoJ tightening continues to strengthen The Bank of Japan will keep policy settings unchanged at its upcoming meeting that ends on 19 th March. But with inflation set to overshoot the Bank’s forecasts, we expect the Bank to hike rates again... 12th March 2025 · 7 mins read
Event Japan Drop-In: The Shunto, the Bank of Japan and the inflation and policy outlook 1741939200 Will the Bank of Japan be doing a victory lap this year in its quest to get inflation sustainably to 2%?
Bank of Japan Watch BoJ will lift policy rate this month The Bank of Japan has signalled that it will raise rates at its January meeting. And with inflation set to remain above the Bank’s 2% target for a while yet, we’re sticking to our forecast that the... 16th January 2025 · 8 mins read
Bank of Japan Watch Bank of Japan will lift rates to 1.25% by mid-2026 The outcome of the Bank’s upcoming meeting is highly uncertain but we still think that a 25bp rate hike is more likely than not. And with the yen set to remain weaker for longer and wage growth set to... 12th December 2024 · 8 mins read
Bank of Japan Watch Bank will hike once more in December The Bank of Japan continues to signal that a rate hike at the upcoming meeting on 31 st October is unlikely. With economic activity and inflation evolving as the Bank had anticipated, we still expect... 24th October 2024 · 8 mins read
Bank of Japan Watch Bank will deliver final rate hike in October The Bank of Japan will keep policy settings unchanged at its September meeting and will probably keep describing financial markets as unstable. However, recent data should have strengthened the Bank’s... 12th September 2024 · 8 mins read
Bank of Japan Watch Bank will lift rates to 0.5% by year-end At its upcoming meeting, we expect the Bank of Japan to announce a reduction in its monthly bond purchases to ¥2tn over the next couple of years, with an initial reduction to ¥5tn. And we expect the... 24th July 2024 · 8 mins read
Bank of Japan Watch Window for policy tightening starting to close While there’s a chance that the Bank of Japan may reduce its bond purchases at the upcoming meeting, we think it will wait until its July meeting before making that announcement. We also expect the... 6th June 2024 · 8 mins read
Bank of Japan Watch Bank of Japan will deliver final rate hike in July Governor Ueda sounds keen on tightening policy further and we’re pencilling in another interest rate hike at the Bank of Japan’s July meeting. However, with underlying inflation set to fall below 2%... 22nd April 2024 · 8 mins read
Bank of Japan Watch Negative rates and YCC will end this month With this year’s Shunto resulting in larger pay hikes than anyone had anticipated, we now expect the Bank of Japan to end both negative interest rates and Yield Curve Control at the upcoming meeting... 13th March 2024 · 11 mins read
Bank of Japan Watch Bank will lift policy rate to 0.1% in March The Bank of Japan may revise up its medium-term inflation forecasts at the upcoming meeting but will almost certainly leave policy settings unchanged. We expect the Bank to lift its policy rate to 0.1... 16th January 2024 · 8 mins read
Bank of Japan Watch Bank will end negative rates in January The Bank of Japan is increasingly keen to abolish negative interest rates and we think the most likely venue is the Bank’s January meeting. However, we only expect one interest rate hike to 0.1% as... 12th December 2023 · 8 mins read
Bank of Japan Watch Forecast revisions won’t prompt tighter policy just yet The Bank of Japan will lift its growth and inflation forecasts at the upcoming meeting, but we think that it will wait for further signs that strong wage growth continues before tightening policy any... 24th October 2023 · 8 mins read
Bank of Japan Watch Negative rates will end in early-2024 Even though the sustainability of above-target inflation is still far from assured, the Bank of Japan seems to be keen on finally ending negative rates. Accordingly, we now expect a 20bp hike in the... 18th September 2023 · 8 mins read
