On their own, the Bank of Japan’s revised economic forecasts are still consistent with our view that interest rates could be raised again by the end of the year. Nonetheless, the deteriorating global environment suggests that the long period of unchanged rates may have to stretch further into 2009.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services