Goldman Sachs Predicts Bank of Japan’s Rate Hike in 2025
Tomo Ota, Senior Japan Economist at Goldman Sachs, forecasts that the Bank of Japan will raise interest rates in January 2025. Following this, another rate hike is likely in July 2025, contingent on the outcomes of the shunto wage negotiations. This outlook reflects the increasing pressures the Bank of Japan faces in a post-pandemic recovery. Investors should closely monitor these developments as they signal a significant shift in Japan’s monetary policy. Understanding these moves can help gauge the impact on global markets and Japan’s economic landscape.