Former BOJ Executive Director Eiji Maeda (前田 栄治) said the BOJ could continue raising rates roughly once every 3 months and lift its policy rate to around 1.75% by next spring. He said the next hike could come in December.
Eiji Maeda (前田 栄治), president of Chibagin Research Institute, said the BOJ could raise its policy rate to around 1.75% by next spring. He said further rate hikes are expected roughly once every 3 months.
Maeda (前田 栄治) cited the recovery in the domestic economy and price trends as the basis for this view, and suggested that the next rate hike could take place as early as December. The source was a report by Bloomberg.