Yen Near 160, Snap Election Put BOJ’s Next Rate Move Back in Play
The Bank of Japan is expected to hold its policy rate at 0.75% on Jan. 23 but may signal future hikes as the yen remains weak and a snap election looms. The 10-year government bond yield jumped to 2.30%, its highest in 27 years. Citi’s Akira Hoshino predicts up to three rate increases in 2026 if the yen stays under pressure. Governor Ueda will address reporters after the decision Friday.