Mizuho anticipates a Bank of Japan interest rate hike from 0.75% to 1.00% at the June 2026 meeting. The firm also expects the BOJ to taper its bond purchases more slowly beginning in April 2027.
Key Takeaways
- 1.The Bank of Japan is highly likely to raise interest rates from 0.75% to 1.00% at the June 2026 meeting.
- 2.The administration appears more likely to accept a rate hike following internal reports of US advisory support.
- 3.The BOJ is expected to slow its tapering process for bond purchases starting in April–June 2027.
Table of Contents
- BOJ expected to hike at June meeting; focus on market reaction and tapering plans
- Anticipated communication from Governor Ueda and market reaction
- We expect BOJ to slow tapering process from Apr–Jun 2027 onward
- Important Disclosure Information
- Analyst Certification
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Authors
Yusuke Matsuo
Securities
USDJPY
Themes
Monetary Policy NormalizationQuantitative Tightening
Regions
Asia PacificJapan
