Mizuho Sees BOJ Raising Rates Next Month as 10-Year JGB Yields Hit 30-Year High
Updated
Updated · Bloomberg · Aug 18
Mizuho Sees BOJ Raising Rates Next Month as 10-Year JGB Yields Hit 30-Year High
3 articles · Updated · Bloomberg · Aug 18
Summary
Next month could bring the BOJ’s next rate hike, Mizuho said, adding that the central bank may raise rates more frequently than previously expected.
Weak yen pressure and persistent inflation are driving that view, with Mizuho arguing the BOJ may need to act faster.
10-year Japanese government bond yields hit a 30-year high this week, and Mizuho’s Kenya Koshimizu expects longer-term rates to keep climbing.
Mizuho’s call comes from the team overseeing a 541 trillion ($257 billion) securities portfolio, underscoring how major market players are bracing for tighter Japanese policy.