JPMorgan Chase: Bank of Japan will raise interest rates approximately every six months

Many economists and market participants expect the BoJ to raise interest rates at a rate of roughly every six months. JPMorgan economist Ayako Fujita falls into this camp, but notes that the timing will also depend on the government's macroeconomic stance. "Markets are likely to remain skeptical that the BoJ will be able to move forward with monetary policy normalisation without friction with the government. Ultimately, the pattern of yen depreciation supporting BoJ rate hikes is likely to continue into next year, but how BoJ Governor Kazuo Ueda addresses these concerns will also be a key point to watch at this meeting." (Jin Ten)