Mizuho Sees BOJ Rate Hikes Coming Faster and More Often

Mizuho Financial Group Inc., a major Japanese bank, expects the Bank of Japan (BOJ) to raise interest rates more frequently. Kenya Koshimizu, co-head of global markets at Mizuho, anticipates the next rate hike as soon as next month. The weak yen and inflation are prompting the central bank to act more quickly.

The BOJ manages a massive ¥41 trillion ($257 billion) securities portfolio. 10-year Japanese government bond yields hit a 30-year high this week, indicating a potential for longer-term rates to rise further.