Bank of Japan Likely to Raise Rates in June to 1%, Up from 0.75%, Oxford Economics Says

According to Oxford Economics analyst Shigeto Nagai on June 8, the Bank of Japan is likely to raise its policy rate from 0.75% to 1% in June rather than July. The analyst cited heightened global inflation concerns and market expectations of potential Federal Reserve rate hikes as reasons the central bank is unlikely to delay. "Postponing the move would disappoint financial markets and could lead to further yen depreciation," Nagai said.
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