BOJ Signals Potential October Rate Hike Amid Policy Shift

Economists revise forecasts following Governor Ueda's hawkish stance and recent interest rate hike.

• Kazuo Momma, former BOJ director, sees a high likelihood of an October rate hike.
• 68% of surveyed economists predict the policy rate will rise to 0.5% by year-end.
• BOJ's recent hawkish signals have led to recalibrated views on future rate increases.
• The central bank also reduced its government bond purchases alongside the rate hike.
• Analysts express concerns over inflation and the yen's strength impacting future policy.

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