Oxford Economics predicts Bank of Japan may raise interest rates in October

According to Jinshi Data, Norihiro Yamaguchi, an economist at the Oxford Economics Institute, said that the Bank of Japan may raise interest rates from 0.25% to 0.5% as early as October.

Yamaguchi expects the Bank of Japan to become more cautious after the next rate hike and raise rates only once a year in 2025 and 2026, with the final target rate reaching 1% in 2026.

Bank of Japan Governor Kazuo Ueda is scheduled to testify before parliament on Friday.