Reuters survey: Most economists expect the Bank of Japan to abandon further interest rate hikes by the end of the year

ChainCatcher news, a Reuters survey shows that although nearly 90% of economists still expect the Bank of Japan to raise interest rates by the end of March next year, a slight majority of economists believe that the Bank of Japan will abandon further rate hikes this year. The published survey results highlight the challenges the Bank of Japan faces in advancing policy normalization, as most central banks globally tend to favor rate cuts, and there is uncertainty regarding the new political leadership's preferences for monetary policy.