ICYMI former BOJ Sakurai hawkish comments: Could be a May hike, sees 1.5% by end FY 2026

  • Former Bank of Japan monetary policy board member Makoto Sakurai

Former Bank of Japan monetary policy board member Makoto Sakurai in the Wall Street Journal (gated):

  • expected to hold policy rate steady in March
  • most likely timing for a hike is June
  • but May is possible also
  • BOJ likely aiming to raise rates to 1.5% by the end of Japan's fiscal year 2026
  • warned of risks to Japan from US tariffs
Sakurai boj

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