While only about 30% of Bank of Japan (BOJ) watchers say authorities will hike interest rates when they gather next week, more than 90% see the risk of such a move, according to a Bloomberg survey.
Some 14 of 48 economists predict BOJ Gov. Kazuo Ueda’s board will raise its policy rate from the current range of 0% to 0.1% at the July 31 conclusion of next week’s meeting, according to the poll.
Another 27% said the rate move is likely to come in September, up from 19% in a previous survey, and 35% said the hike will come in October. Some 94% said July would be the earliest timing of a rate hike in their risk scenario.
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