Just over half of Bank of Japan analysts expect authorities to implement their next rate hike in December, according to a Bloomberg survey, while none expect the board to make a policy change next week.
According to the poll, 87% of 53 economists predict the bank will raise borrowing costs by the end of January, while 53% see December as the most likely month for the adjustment.
The results show that an overwhelming majority of analysts believe that the market shocks in the days following the BOJ’s rate hike on July 31 did not deter authorities enough to divert them from the normalization path.
