THE veteran head of markets at one of Japan’s largest banks sees the potential for the central bank to raise benchmark interest rates to a three-decade high of 2% if economic trends persist.
The Bank of Japan (BoJ) is likely to increase the policy rate to 1% this year from the current 0.5% as long as the US economy doesn’t falter, says Masamichi Koike, head of global markets business at Sumitomo Mitsui Financial Group Inc.
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