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Economy

Kazuo Momma flags possibility of consecutive Bank of Japan rate hikes

By The Likely · Updated Sep 29, 6:59 AM ET · Drawn from 5 sources · Written by AI, checked against sources

Former Bank of Japan executive Kazuo Momma said in an interview published on September 28 that the central bank could lift interest rates at consecutive meetings, estimating a 20% to 30% chance.

Will the Bank of Japan maintain its current rate at its October 2026 monetary policy meeting? Maintain current rate leadsLikely74%▲ from 38% yesterday

How we got here

  1. The BOJ raised its policy-rate guideline to around 1.25% in a 7-2 vote. Jp
  2. The new policy-rate guideline took effect. Jp
  3. Former BOJ executive Kazuo Momma gave an interview stating a consecutive-meeting hike was possible. Jp
  4. The Japan Times published an interview reporting Momma's estimate of a 20% to 30% chance for consecutive hikes. Jp
  5. The BOJ scheduled the release of its September meeting's Summary of Opinions for 8:50 a.m. Jp
  6. BOJ Policy Board member Junko Koeda was scheduled to speak with local leaders in Kumamoto. Jp
  7. The BOJ’s next Monetary Policy Meeting is scheduled to begin, continuing through October 30. Jp

What's likely next

  1. The BOJ is scheduled to publish the September meeting’s Summary of Opinions at 8:50 a.m.
  2. Policy Board member Junko Koeda is scheduled to speak in Kumamoto.

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