In a survey of BOJ watchers, January 2027 was the most common response for the timing of the next rate hike, assuming that the BOJ raises its policy rate to 1.25% at its 17–18 meeting. More respondents now expect the terminal rate to be 1.75%.
Nikkei QUICK News surveyed BOJ watchers and compiled the responses received from 31 August to 4 September. Most respondents answered the question on the timing of the next rate hike on the assumption that the BOJ would raise its policy rate to 1.25% at this month's Monetary Policy Meeting.
January 2027 was the most frequently cited timing for the next rate hike, with 18 respondents expecting it to occur then. Regarding the terminal rate, the eventual peak, respondents indicated that expectations of a 1.75% rate had become predominant.
The survey is cited as an indication of the likely direction of BOJ monetary policy and is considered capable of influencing the conduct of policy at future meetings and market expectations.