BOJ Expected To Hike At June Meeting

Latest edition · June 11, 2026

Mizuho Fixed Income Japan BOJ expected to hike at June meeting; focus on market reaction and tapering plans

Mizuho anticipates a Bank of Japan interest rate hike from 0.75% to 1.00% at the June 2026 meeting. The firm also expects the BOJ to taper its bond purchases more slowly beginning in April 2027.

The Bank of Japan (BOJ) is expected to raise the policy interest rate to 1.00% at its upcoming June meeting, supported by favorable economic indicators and reduced opposition from the administration. While the market has largely priced in this move and subsequent semi-annual hikes, Governor Ueda is expected to maintain a hawkish stance during the press conference. Additionally, Mizuho projects that the BOJ will likely slow or suspend its bond purchase tapering process starting in the second quarter of 2027 to ensure market predictability.

Key takeaways from the latest edition

• 1.The Bank of Japan is highly likely to raise interest rates from 0.75% to 1.00% at the June 2026 meeting.
• 2.The administration appears more likely to accept a rate hike following internal reports of US advisory support.
• 3.The BOJ is expected to slow its tapering process for bond purchases starting in April–June 2027.

What this series covers

• BOJ expected to hike at June meeting; focus on market reaction and tapering plans
• Anticipated communication from Governor Ueda and market reaction
• We expect BOJ to slow tapering process from Apr–Jun 2027 onward

Edition archive

• Mizuho Fixed Income Japan BOJ expected to hike at June meeting; focus on market reaction and tapering plans

  June 11, 2026

• Mizuho Fixed Income Japan BOJ expected to hike at June meeting; focus on market reaction and tapering plans

  June 10, 2026

• Mizuho Fixed Income Japan BOJ expected to hike at June meeting; focus on market reaction and tapering plans

  June 9, 2026