The Bank of Japan is unlikely to raise interest rates again for the rest of the year, but it’ll be a "toss up" whether there will be another before March.
The Bank of Japan (BOJ) won’t hike its benchmark interest rate again this year following the economic turmoil caused by the last sudden hike, according to a former board member of Japan’s central bank.
“They won’t be able to hike again, at least for the rest of the year,” former BOJ board member Makoto Sakurai told Bloomberg in an Aug. 12 report.
The equities and crypto markets saw a sharp sell-off in early August after the BOJ suddenly raised its benchmark rate, raising it to 0.25%.
