ICYMI - BofA expects the Bank of Japan to increase its interest rate in October

In addition to ending NIRP BoA expect the Bank to moved the celining on ints bond yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term target from 0.25% to 0.5%.

Citing:

• “We expect pressure to bring forward normalization to grow over the coming quarters as the rising cost of food and energy potentially triggers backlash from households, resulting in reduced political support for the BOJ and its aggressive easing policies”

This goes directly against what Bank of Japan Governor Kuroda has said time and again - no tightening. BoA reckon Kuroda will be given cover to tighten by Fed and ECB tightening. And say other central bank moves reduce the risk of the yen moving higher. BoA say it'd be a one-off move (in October 2022) and a 'dovish hike'.