Will the Bank of Japan Raise Interest Rates to 1.0 or Higher in 2026?

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InvestingLive"68 of 69 economists (~99%) expect the policy rate to reach at least 1% by the end of September."Jun 10, 2026

investingLive

Japan Times"Some 90% of 44 economists forecast the BOJ will raise its benchmark rate from 1% by the December meeting, according to the poll conducted Wednesday."Jun 18, 2026

The Japan Times

FXStreet“The BoJ is widely expected to deliver a hawkish move by hiking the benchmark interest rate by 25 basis points (bps) to 1%, its highest level since 1995."Jun 16, 2026

Fxstreet

Oxford Economics"Although our current baseline expects a final rate hike to 1% in mid-2026, the bank could move earlier if the yen weakens further."Jan 28, 2026

Oxford Economics

MNI"A strong consensus across major banks points to the Bank of Japan (BOJ) raising its policy rate by 25bp to 1.00% at the June meeting, extending its gradual normalisation cycle that began in early 2024."Jul 13, 2026

Marketnews

Bull Theory"The Bank of Japan is expected to raise rates to 1% on June 16."Jun 09, 2026

HSBC"The next decision is 16 June, with a 65% chance of a 25bp rate hike expected by markets."May 15, 2026

Businessgo.Hsbc.Com

Investing.com“Markets are already pricing in roughly an 80% chance the BOJ will raise its short-term policy rate to 1% from 0.75% at the two-day policy meeting ending on June 16.”Jul 13, 2026

Investing

Goldman Sachs"We expect the BOJ to accelerate its pace of rate hikes from once a year to semi-annually, with the policy rate reaching 1% with a 25bp hike in July 2026."Jan 06, 2026

Gspublishing

BNP Paribas“We forecast two incremental 0.25% hikes in 2026, to 1.25%."Jul 13, 2026

Wealthmanagement

MUFG Bank"Beyond the next rate hike at the June MPM (0.75% → 1.00%), we now forecast 1.25% at the December 2026 MPM and 1.50% at the June 2027 MPM, each one meeting later than our previous forecasts."Jul 13, 2026

MUFG Research