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2025-07-31 13:30:42
[Capital Economics: Still expects the Bank of Japan to raise interest rates in October] Marcel Thieliant, head of Capital Economics Asia Pacific, said that the Bank of Japan may raise interest rates before the end of the year. The recent strength of inflation has forced the Bank of Japan to significantly raise its inflation forecast for this fiscal year and slightly increase its median core inflation forecast for the next fiscal year. In addition, the central bank no longer believes that there are any downside risks to its inflation forecast. Capital Economics maintains its forecast that the Bank of Japan will raise its policy interest rate at its October meeting.
