BOJ Expected to Raise Rates to 1.25% Amid Inflation Pressure

With inflation and wage increases continuing, the Bank of Japan (BOJ) is expected to raise its benchmark interest rate to 1.25% this week, gaining momentum amid pressure from the U.S. for monetary policy normalization. If implemented, the move would set a new 30-year high for Japan's key rate.

According to a CNBC survey conducted between September 9-14 among 18 economists and analysts, 89% anticipate the BOJ will increase rates to 1.25%, reflecting growing consensus on the need for policy adjustment.