Barclays expects BoJ to raise rates at a six-monthly pace, but risk is front loading

Barclays on the Bank of Japan:

• Board member Takata sounded a more hawkish note yesterday (more on Takata can be found here)
• Takata is in favour of continued gradual rate hikes
• Barclays forecast the Bank of Japan will raise rates at a once every six months pace
• Barclays caveat that by saying rates hikes could be front-loaded depending on how the Trump admin view JPY depreciation