Financial markets are skeptical about the Bank of Japan's continuous interest rate hikes, and are at odds with economists' predictions

2024/8/2 9:58 JST (some excerpts)
The OIS curve only incorporates interest rate hikes about once a year
Both the statement and the presidential press conference were hawkish, and factored in insufficient - Mr. Sano of the Tokai Tokyo Stock Exchange
Despite the Bank of Japan's previous assertion that interest rates will be raised if the economy and price conditions change in line with the outlook, financial markets have not sufficiently factored in previous interest rate hikes. There is a gap between the views of the market, which still has doubts about the Bank of Japan's determination, and many economists who anticipate additional interest rate hikes by the end of the year.