BOJ to raise rates in Q3 though Trump tariffs will disrupt policy normalisation: Reuters poll

Satoshi Sugiyama - Reuters - 12:31
The Bank of Japan is likely to hold its key interest rate through June, showed a Reuters survey of economists, with a 25-basis-point hike next quarter expected by a slight majority of respondents rather than over two-thirds in a poll last month.
TOKYO, April 23 (Reuters) - The Bank of Japan is likely to hold its key interest rate through June, showed a Reuters survey of economists, with a 25-basis-point hike next quarter expected by a slight majority of respondents rather than over two-thirds in a poll last month.
Nearly 90% of respondents also said the risk of recession in Japan was low.

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The responses reflect economists' view that U.S. President Donald Trump's vacillating tariff action has disrupted but not derailed the central bank's quest for slightly tighter monetary conditions - even as many peers cut borrowing costs to support economies and mitigate the impact of Trump's trade war.
In an April 14-21 poll, 84% of economists, or 47 of 56, forecast no change to interest rates at the BOJ's next two policy meetings on April 30-May 1 and June 16-17.
Only 52% of economists, 27 of 52, expect a hike in the bank's short-term interest rate to 0.75% from 0.5% in the July-September quarter, down from 70% of respondents in March.
"The impact of Trump's tariffs has made the economic outlook extremely uncertain, and with (corpo...
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