Goldman Sachs: The Bank of Japan is expected to increase interest rates again in January.

Goldman Sachs' Akira Otani said that the Bank of Japan is expected to raise interest rates again in January 2027, but the uncertainty surrounding the next rate hike is high. The economist stated, "Against a backdrop where basic inflation is approaching 2%, even minor changes such as further moderate depreciation of the yen could significantly increase the risk of exceeding 2%." Otani said, "Therefore, the probability distribution of the timing of the next rate hike is believed to be biased towards an earlier hike." The economist added that the actual timing of the rate hike will be "significantly influenced by progress in communication with the government."