Today at 10:21 AM | Other

BOJ is on track for another interest rate hike amid economic woes

BOJ is on track for another interest rate hike amid economic woes

The Bank of Japan (BOJ) had the key rate hike a year ago and is still on a tightening path. Bloomberg reports that's driving big changes in the country’s economy.

The Japanese regulator's policy has pushed the yield on 10-year government bonds to a 17-year high. This uptick escalates the costs of servicing the public debt, which makes up nearly a quarter of the national budget.

On the flip side of the coin, the Central Bank is keeping inflation near target levels. No doubt that it faces growing discontent from the public. According to Bloomberg, household budgets are being squeezed by higher food prices. Amidst this backdrop, the country's economic growth is slowing down, and consumer activity is weakening.

Although the economy is struggling, experts predict another rate hike for July, which would further restrict consumers and state finances.

Gold buy
Period: 24.03.2025 Expectation: 5000 pips
Gold buyers set for another attack at 3,000 level
Today at 11:41 AM 23
AntonVolkov
AntonVolkov

Listed among the best MarketCheese authors
2nd in the segment "Metals"
Period: 28.03.2025 Expectation: 2920 pips
Markets revise silver price expectations downward
Today at 10:08 AM 15
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Indices" and "Metals"
2nd in the segments "Currencies" and "Oil and gas"
Period: 24.03.2025 Expectation: 100 pips
Buying Brent with target of $72 per barrel
Today at 08:16 AM 24
Period: 24.03.2025 Expectation: 1593 pips
S&P 500 is in correction due to trade tensions and recession fears
Today at 07:00 AM 26
Period: 21.03.2025 Expectation: 1400 pips
GBPUSD is poised for a pullback towards the trend line
14 March 2025 107
AntonVolkov
AntonVolkov

Listed among the best MarketCheese authors
2nd in the segment "Metals"
Period: 26.03.2025 Expectation: 670 pips
Brent prices may rebound amid trade instability
14 March 2025 92
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segments "Currencies", "Crypto" and "Oil and gas"
Go to forecasts