Bank of Japan May Raise Rates Twice by March as Inflation Risk Mounts, Ex-Policymaker Warns

TLDR: Bank of Japan raised its short-term policy rate to 1%, a 31-year high, shifting focus to inflation risk. Ex-BOJ member Sakurai says another rate hike by year-end is locked in, targeting October or December Sakurai projects the BOJ policy rate will reach around 2% by early 2028 under Governor Ueda’s term. Japan’s weak yen [...]

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