％Japan Government Bond 10Y
JP-10Y
▲ PositiveMonetaryrelevance
BOJ may hike rates as early as September, pushing yields up.
Impact on stocks 1
Others
BOJ could raise rates as early as September on upside price risks
MacroDigital Finance Impact 4
The Bank of Japan is increasingly wary of upside risks to prices and may consider an additional rate hike as early as the September 17-18 monetary policy meeting. This comes as rising crude oil prices, a surge in AI-related demand, and the historic weakening of the yen heighten the risk of further upward pressure on prices. In the summary of opinions from the July meeting, several policy board members argued for a faster pace of rate hikes and noted the possibility of moving more quickly than markets expect. At his post-meeting press conference in July, Governor Kazuo Ueda said the board would discuss whether to raise rates at upcoming meetings and did not rule out a September hike.
BOJ may hike rates as early as September, pushing yields up.