Governor Kazuo Ueda recently stated that underlying inflation approaching the 2% target marks a policy shift and said the bank cannot tolerate prices rising further above that mark. While Nikkei reports the BoJ is preparing a formal policy pivot, Ueda noted the timing and pace of further hikes will depend on foreign exchange movements, AI demand and geopolitical developments in the Middle East.
Tuesday, October 20, 2026
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69% of Economists Expect BoJ to Raise Rate to 1.50% in April
Global Markets4 hours ago
Forecasts for a benchmark interest rate increase have nearly doubled since September in a recent survey of market professionals. A poll shows 69% of economists now expect the Bank of Japan to hike the rate to 1.50% by April, up from 36% in a previous survey. The results also highlight concern among 72% of those polled that dissenting votes among policymakers against a rate hike could weaken the yen.
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