BOJ's Next Rate Hike: Why All Eyes Are on July

From beemarkets.com

The Bank of Japan is expected to hold its key interest rate steady for now before delivering another hike in July, according to a recent poll of economists. More than three-quarters of analysts surveyed believe the rate, currently at a three-decade high of 0.75%, will climb to 1% or higher by September. While the BOJ appears set on a path of gradual tightening, with a median forecast for a terminal rate of 1.5%, it remains an outlier among global central banks, many of which have been cutting borrowing costs. Complicating the central bank's strategy is Japan's new Prime Minister, Sanae Takaichi, a self-described ... (full story)