BOJ May Hike Rates Three Times Before Year's End Amid Yen Weakness

Nomura Securities Co has warned that the Bank of Japan could raise interest rates at three consecutive meetings through December in an extreme scenario where yen weakness persists.

A quarter-point increase this month 'looks reasonable,' according to Nomura, and 'it's possible that we can execute back-to-back rate hikes through December' if yen weakness continues.