Nomura economists: The Bank of Japan may raise interest rates by 15bp at next week's meeting

ChainCatcher news, JPMorgan economist Ayako Fujita stated in a report that the Bank of Japan may raise the policy interest rate by 15 basis points to 0.25% at next week's meeting.

Fujita said, "The Bank of Japan has long hinted at adopting a rate hike policy in response to rising confidence. We believe that the recent momentum in wage growth and signs of consumption recovery since this spring will meet these conditions." She noted that at next week's meeting, the Bank of Japan is also expected to announce the future path for purchasing Japanese government bonds. The current core market view is that over the next two years, the monthly purchase scale of Japanese government bonds will decrease from 6 trillion yen to 3 trillion yen.