Global Market: OECD sees Bank of Japan raising rates to 2% by 2027 amid inflation shift
Published on: May 13, 2026, 9:34 a.m. | Source: The Economic Times
Japan's central bank might increase interest rates to two percent by late 2027. This move signals confidence in Japan's economy moving past decades of low inflation. Stronger wages and consumer demand allow for gradual borrowing cost hikes. The Bank of Japan is also expected to reduce bond purchases. This shift marks a significant economic transition for the nation.
