Bank of Japan expected to raise rates on Friday: poll

According to ChainCatcher, 18 of 19 economists in a CNBC survey expect the Bank of Japan to raise its benchmark interest rate by 25 basis points to 0.5% this week, the highest level since 2008.

Economists said that public remarks by Bank of Japan Governor Kazuo Ueda and remarks by Bank of Japan Deputy Governor Ryozo Himino to business leaders last week indicate that the Bank of Japan intends to raise interest rates. (Jinshi)