Created
: 2025.08.21
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
BoJ to raise interest rates again in Q4 -- Reuters poll
World FX news
Breaking news
BoJ to raise interest rates again in Q4 -- Reuters poll
New
2025.08.21 13:25
2025.08.21 13:25
2025.08.21 13:25
The Bank of Japan (BoJ) will raise the interest rate by at least 25 basis points (bps) again by the year-end, according to nearly two-thirds of economists in a Reuters poll, up from just over half a month ago.
Additional takeaways
67 of 73 economists (92%) expect no change at next policy meeting in September.
45 of 71 economists (63%) expect BOJ to raise rates to 0.75% in Q4 2025 (up from 54% last month).
Of 40 economists specifying a timeline for the BOJ to move, 38% see the move coming in October, 18% in December, 30% for January next year.
22 of 29 economists either strongly or somewhat approve of the US-Japan trade deal.
21 of 31 economists feel concerned about fiscal expansion pressure after LDP upper house election loss.
Market reaction
At the time of writing, the USD/JPY pair is trading 0.03% higher on the day at 147.35.
Bank of Japan FAQs
The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%.
The Bank of Japan embarked in an ultra-loose monetary policy in 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment. The bank's policy is based on Quantitative and Qualitative Easing (QQE), or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy by first introducing negative interest rates and then directly controlling the yield of its 10-year government bonds. In March 2024, the BoJ lifted interest rates, effectively retreating from the ultra-loose monetary policy stance.
The Bank's massive stimulus caused the Yen to depreciate against its main currency peers. This process exacerbated in 2022 and 2023 due to an increasing policy divergence between the Bank of Japan and other main central banks, which opted to increase interest rates sharply to fight decades-high levels of inflation. The BoJ's policy led to a widening differential with other currencies, dragging down the value of the Yen. This trend partly reversed in 2024, when the BoJ decided to abandon its ultra-loose policy stance.
A weaker Yen and the spike in global energy prices led to an increase in Japanese inflation, which exceeded the BoJ's 2% target. The prospect of rising salaries in the country - a key element fuelling inflation - also contributed to the move.
Last updated
: 2025.08.21
Related articles
Japan to restrict exports to some entities in China, Turkey over sanctions against Russia
26 minutes agoUSD/CAD holds gains near 1.3850 ahead of Michigan Consumer Sentiment Index
59 minutes agoJapanese Yen struggles amid political uncertainty and risk-on mood; downside seems limited
2025.09.12 11:24NZD/USD loses ground below 0.5900 on renewed US Dollar demand
2025.09.12 11:22Australian Dollar climbs as prospects for a larger Fed rate cut increase
2025.09.12 10:50PBOC sets USD/CNY reference rate at 7.1019 vs. 7.1034 previous
2025.09.12 10:15
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Japan to restrict exports to some entities in China, Turkey over sanctions against Russia
Japan's Trade Ministry announced on Friday that the country will impose additional export restrictions on several foreign entities as part of sanctions against Russia's invasion of Ukraine.
New
2025.09.12 12:39USD/CAD holds gains near 1.3850 ahead of Michigan Consumer Sentiment Index
USD/CAD edges higher after registering gains of around a quarter of a percent in the previous session, trading around 1.3840 during the Asian hours on Friday.
New
2025.09.12 12:05Silver Price Forecast: XAG/USD taps $42.00 for the first time since September 2011
Silver (XAG/USD) rallies to a fresh high since September 2011 during the Asian session on Friday, with bulls looking to build on the momentum beyond the $42.00 round figure.
New
2025.09.12 11:51Japanese Yen struggles amid political uncertainty and risk-on mood; downside seems limited
The Japanese Yen (JPY) struggles to capitalize on the overnight bounce from a three-day low against a broadly weaker US Dollar (USD) and ticks lower during the Asian session on Friday.
New
2025.09.12 11:24NZD/USD loses ground below 0.5900 on renewed US Dollar demand
The NZD/USD pair loses ground to near 0.5870 during the Asian trading hours on Friday. The pair edges lower on a modest rebound in the US Dollar (USD) and deflationary pressures in China.
New
2025.09.12 11:22Australian Dollar climbs as prospects for a larger Fed rate cut increase
The Australian Dollar (AUD) advances against the US Dollar (USD) on Friday, extending its gains for the third successive session.
New
2025.09.12 10:50WTI declines below $62.00 on weak demand, oversupply concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.80 during the early Asian trading hours on Friday. The WTI declines amid concerns over possible softening of US demand and broad oversupply risks.
New
2025.09.12 10:29PBOC sets USD/CNY reference rate at 7.1019 vs. 7.1034 previous
On Friday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1019 compared to the previous day's fix of 7.1034 and 7.1081 Reuters estimate.
New
2025.09.12 10:15China says not happy with super-high tariffs Mexico has placed on it now
China's Commerce Ministry said on Friday that the officials are not happy with super-high tariffs that Mexico has placed on China now.
New
2025.09.12 09:57Japan's Kato: Significant that Japan and US reconfirm key points on FX policies
Japanese Finance Minister Katsunobu Kato said on Friday that the joint statement was significant in light of the new US tariff order, adding that there were no talks with US Treasury Secretary Bessent on specific foreign exchange (FX) levels.
New
2025.09.12 09:45Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
