JP Morgan says Bank of Japan will hike to 1.5% (but not soon)

JPMorgan analysts expect the BOJ will raise rates in April and October 2025. Bringing the policy rate to 1.0% by the end of 2025.

• BOJ will likely raise rates twicee to 1.5% in 2026

JPMorgan cites:

• In a global context, the BOJ is set to continue marching to the beat of its own drum, pointing to a year of underperformance for” Japanese yields relative to global developed market peers

Bank of Japan Governor Ueda

This article was written by Eamonn Sheridan at www.forexlive.com.