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CoinVoice has recently learned that, according to Jin10, a Reuters survey shows that despite facing global trade tensions and domestic political uncertainties, most economists still predict that the Bank of Japan will raise interest rates by at least 25 basis points before the end of the year. Among the 72 respondents, 83% (60 people) expect the Bank of Japan to remain steady during the two policy meetings on July 30-31 and in September.
It is worth noting that this survey conducted from July 11 to 22 took place before the Senate election on Sunday (July 21). However, the survey simultaneously showed that out of 72 respondents, 39 (54%) expect borrowing costs to rise from 0.50% to at least 0.75% in the next quarter, which is a reversal from the situation in June when only 48% anticipated an interest rate hike.