Reuters poll: Most economists expect Bank of Japan to give up on another rate hike by year-end

A Reuters survey shows that although nearly 90% of economists still expect the Bank of Japan to raise interest rates before the end of March next year, a slight majority of economists believe that the Bank of Japan will abandon further rate hikes this year. The published survey results highlight the challenges that the Bank of Japan faces in promoting policy normalization, as most central banks around the world tend to cut interest rates, and there is uncertainty about the monetary policy preferences of the new political leadership.