TechFlow news, December 11 — According to Jinshi Data, a Reuters survey conducted from December 2 to 9 shows that the majority of economists expect the Bank of Japan to raise interest rates by 25 basis points to 0.75% at its December meeting, and to increase borrowing costs to at least 1% by the end of September next year. Earlier reports from sources indicated that the Bank of Japan is expected to implement its first rate hike since January at the December meeting. Given inflation risks and the weak yen, Prime Minister Shigeru Ishiba's government is expected to tolerate this decision. Ninety percent of economists (63 out of 70) anticipate that the Bank of Japan will raise short-term interest rates from 0.50% to 0.75% at next week’s meeting, a significant increase from the 53% in last month’s survey. Slightly more than two-thirds of respondents (37 out of 54) said rates will reach at least 1.00% by the end of September next year.
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