BOJ Rate Hikes Possible for Three Straight Months: Nomura

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

According to Nomura's head of FX strategy Japan Yujiro Goto, a quarter-point increase this month 'looks reasonable', and it's possible to have back-to-back rate hikes in October and December if the momentum of yen weakness continues toward 160.