Beyond Bulls & Bears

Flash Insights: Bank of Japan—A “watchful” adjustment
Fixed Income

Flash Insights: Bank of Japan—A “watchful” adjustment

The Bank of Japan (BoJ) raised interest rates for the first time since 2007 and has eliminated the yield curve control framework. Franklin Templeton Fixed Income Economist Rini Sen expects the bulk of further tightening will likely come in 2025 as the BoJ seeks to reach a sustainable 2% inflation target by end of fiscal year 2025.