Event: Seiji Adachi

Seiji Adachi, a former member of the Bank of Japan’s Policy Board, said Monday that keeping policy settings unchanged could trigger another selloff in the yen, which remains weak despite coordinated U.S.-Japan intervention, raising the risk of faster inflation from higher import costs. | BLOOMBERG The Bank of Japan will probably raise its benchmark interest rate next month, validating widespread market speculation, and follow up with another increase as early as January, according to a former BOJ board member.As of Monday afternoon in Tokyo, traders were assigning a roughly 80% probability of a rate hike when the board delivers its next policy decision on Sept. 18.With the yen still weak even after U.S.-Japan coordinated intervention, a decision to hold settings steady could reignite a selloff of the currency, raising the risk of faster inflation due to costly imports, Seiji Adachi, who served on the board until March 2025, said Monday in an interview. In a time of both misinformation and too much information, quality journalism is more crucial than ever.By subscribing, you can help us get the story right. SUBSCRIBE NOW