All market participants surveyed expect the BOJ to raise rates this month, and views on the pace of future rate hikes are broadening. Approximately 60% cited an additional rate hike in January next year as the most likely timing.
Most market participants expect the BOJ to raise rates at its monetary policy meeting this month. Expectations that a rate hike will be implemented this month are widely shared, and expectations for an acceleration in the pace of rate hikes are strengthening.
According to the survey, approximately 60% cited an additional rate hike in January next year as the most likely timing, also suggesting that views on the timing of subsequent hikes next year may be becoming more divided.
This reflects views that market expectations are shifting toward an acceleration in the BOJ's rate-hike pace, with attention focused on future policy decisions and market reactions.