Japan's Terminal Rate Likely to Be 1.5%, SMBC Nikko Says -- Market Talk
Dow Jones
Jun 24
0804 GMT - Japan's terminal interest rate is likely to be at 1.5%, says Yoshimasa Maruyama of SMBC Nikko Securities. The economist expects the Bank of Japan to lift its policy rate in October 2026 and April 2027. BOJ Gov. Kazuo Ueda refrained from giving clear hints on the timing of the next rate increase in a speech Wednesday, but flagged caution over the possibility that underlying inflation might exceed the bank's 2% target. The BOJ governor also said Japan's financial conditions are still accommodative even after last week's rate hike to 1%, suggesting that more monetary tightening is on the way. (megumi.fujikawa@wsj.com)
(END) Dow Jones Newswires
June 24, 2026 04:04 ET (08:04 GMT)
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