Mizuho Securities
June 15, 2026
Global Economy and Finance Weekly Watch
Weekly UpdateRates Govt BondsFXMacro Economic IndicatorsEnergy
Mizuho forecasts the Bank of Japan will raise its policy rate to 1.0% in June 2026, ultimately targeting 1.5% as inflation pressure mounts from global energy costs.
Key Takeaways
- 1.The BOJ is expected to hike the policy rate to 1.0% in June 2026, targeting a 1.5% terminal rate through semi-annual hikes.
- 2.Inflation is projected to rise into the upper 2% range by 2027, driven by higher energy costs from Middle East tensions.
Table of Contents
- Review of key indicators and events
- Economic indicators
- Economic outlook
- Important Disclosure Information
- Analyst Certification
- Disclaimer
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Authors
Yusuke MatsuoShintaro InagakiYasuhisa IrieRyosuke Katagi
Securities
10y JGBUSDJPY
Themes
BOJ Policy NormalizationGeopolitical Risk
Regions
Asia PacificMiddle EastJapanUnited StatesIran
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