89% of economists expect Bank of Japan to hike 25 bps to 1.25%
- —89% of 18 CNBC respondents expect a 25 bps rate hike
- —The hike would bring the rate to 1.25%, a roughly 30-year high
- —Japan's July inflation was 1.9%, real wages rose 2.4%
- —61% of respondents expect the yen at 155-160 per dollar within a month
Why it matters: Bank of Japan tightening and rising Japanese bond yields could accelerate capital outflows from risk assets, including crypto.
Source: TokenPost