S&P: Policy interest rates in Japan will rise from 2024

In its assessment of the Japanese economy and its monetary policy, S&P Global noted that “policy interest rates in Japan will rise from 2024.”

Additional takeaways

“Japan is robust enough for rising Yen rates.”

“We expect a gradual increase in Japan's policy interest rates.“

Market reaction

USD/JPY was last seen almost unchanged on the day at 149.75.