According to QUICK's August bond market monthly survey, the terminal rate for the Bank of Japan's policy rate is expected to average 1.9%, with at least 3 additional rate hikes anticipated. The survey was conducted from 25 to 27 August and received 117 responses from 190 institutions, including securities companies, investment trust and investment advisory firms, and banks.
The August bond market monthly survey showed that the market expects the Bank of Japan's terminal policy rate to average 1.9%, with views pricing in at least 3 additional rate hikes during the current tightening cycle. An acceleration in the BOJ's rate-hike pace is being watched as an upside risk.
The survey was conducted from 25 to 27 August among 190 related institutions and received 117 responses. The results reflect market views on the outlook for the terminal rate.