IMF expects BOJ to raise rates again this year, eye neutral level by end-2027

The Bank of Japan is likely to raise interest rates this year, reaching neutral levels by 2027 according to the IMF. Japan’s economy is expected to expand by 1.1%, driven by rising wages. The IMF supports the BOJ’s gradual rate hikes but stresses the need for fiscal reforms and reducing the deficit to manage national debt. The Bank of Japan is likely to raise interest rates this year, reaching neutral levels by 2027 according to the IMF. Japan’s economy is expected to expand by 1.1%, driven by rising wages. The IMF supports the BOJ’s gradual rate hikes but stresses the need for fiscal reforms and reducing the deficit to manage national debt.  Economic Times