BOJ Could Hike Rates in September or October, State Street Says
Dow Jones
Jul 31
0911 GMT - The Bank of Japan could potentially pull forward its next interest-rate hike into September or October, rather than the six-month interval many had expected, says Masahiko Loo of State Street Investment Management. The strategist expects the BOJ to gradually move toward a 1.5%-1.75% terminal rate. At Friday's news conference, BOJ Gov. Kazuo Ueda voiced heightened concerns about potential inflation overshooting. He said such a risk is too big to ignore. "If we judge that financial conditions are too accommodative, it is entirely possible that we could accelerate the pace of interest rate hikes," Ueda said.
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