0233 GMT - The Bank of Japan's next rate increase is likely to occur in July, two Mitsubishi UFJ Morgan Stanley Securities Debt Research members say in a report. The brokerage brings forward its forecasts, expecting a 25bp rate hike to 0.75% in July and another 25bp increase to 1.00% in January 2026. That compares with previous expectations for those moves to happen in October-December this year and October-December next year, respectively. It cites Japan's inflation having become stickier, a change in the BOJ's view of inflationary mechanisms, and the Ishiba cabinet wanting to keep the yen's depreciation and rising prices in check. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 18, 2025 21:33 ET (02:33 GMT)
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