0335 GMT - The Bank of Japan is likely to raise its policy rate at every other meeting to a terminal rate of 2% by June 2027, Societe Generale's Jin Kenzaki says in a note. At Friday's press conference after the BOJ raised rates to 1.25%, Gov. Kazuo Ueda noted that with the underlying inflation approaching its 2% target, the central bank's next focus is whether it will become entrenched at that level, Kenzaki says. Ueda also stated that next year's spring wage negotiations between management and unions would be a crucial factor in making this assessment, Kenzaki says. Societe Generale anticipates that the solid momentum seen in wage negotiations will continue into next year, he says.