Japan's Interest Rates Could Hit A Three-Decade High. Nearly 9 In 10 Economists Expect Another Hike.

The Japanese national flag is seen at the Bank of Japan (BoJ) headquarters in Tokyo on September 1, 2026. (Credit: Getty Images)

The Bank of Japan is widely expected to raise interest rates again this week, a move that would take borrowing costs to their highest level in more than three decades as the central bank responds to persistent inflation and stronger wage growth.

Nearly 89% of economists and analysts in a CNBC survey expect the BOJ to raise its policy rate by 25 basis points to 1.25% when its two-day meeting concludes Friday. The survey of 18 respondents was conducted from Sept. 9 through Sept. 14.