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BoJ Deputy Backs September Rate Hike to 1.25%

8/27/2026

32 4 Full Breakdown

Summary

Story summary

Bank of Japan Deputy Governor Ryozo Himino backed rate hikes, keeping USD/JPY near 159.2.
Money markets priced an 87% chance of a September hike.
A Reuters poll found 57% of economists expect the policy rate to rise to 1.25% next month.
Himino warned inflation above the 2% target could hurt economy and that timely hikes would prevent acceleration.
He cited Middle East conflict, FX swings and AI demand as risks.

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Story summary

Bank of Japan Deputy Governor Ryozo Himino backed rate hikes, keeping USD/JPY near 159.2.
Money markets priced an 87% chance of a September hike.
A Reuters poll found 57% of economists expect the policy rate to rise to 1.25% next month.
Himino warned inflation above the 2% target could hurt economy and that timely hikes would prevent acceleration.
He cited Middle East conflict, FX swings and AI demand as risks.