# اليابان

The likelihood of Japan's 🇯🇵 Bank of Japan significantly raising interest rates is increasing noticeably, yet hardly anyone seems to notice.
Currently, observers of the Bank of Japan estimate about a 37% chance of a rate hike by April, up from only 15% in January. Markets are also pricing in approximately 25 basis points of increases by July, with a 90% probability of a second hike before December. Governor Kazuo Ueda is expected to keep rates unchanged on Thursday but may hint that the path toward monetary policy normalization is still underway.
Japan is the largest foreign holder of U.S. T