Weak Yen Spurs BoJ March Rate Move, Says Former Policymaker

Former BOJ board member Makoto Sakurai says the central bank could raise rates as soon as March if the yen slides, with a potential 25 basis-point hike and possibly another in 2026–27 to push the policy rate toward 1.75%. He warns faster tightening could strain banks, though inflation remains above target and wage growth could justify action. Economists expect about 1% by end-June, and the next policy meetings are March 18–19 and April 27–28.