so does the market not give a shit about japan anymore?

The Bank of Japan will raise its key interest rate to 1.0% in June, nearly two-thirds of economists said in a Reuters poll, as it presses ahead with ​efforts to normalise monetary policy amid rising inflation concerns from the war in Iran. The policy rate was held steady ‌at 0.75% [last month](https://www.reuters.com/world/asia-pacific/bank-japan-set-keep-rates-steady-iran-war-clouds-outlook-2026-04-27/) to assess repercussions from the conflict but three of the BOJ's nine board members dissented and called for a hike to 1.00%, [signalling growing alarm](https://www.reuters.com/world/asia-pacific/boj-locks-june-rate-hike-risky-bet-that-nothing-gets-worse-2026-04-29/) over inflationary pressures from the war-driven energy shock. BOJ board member Kazuyuki Masu, who voted to keep rates steady in April, said [on Thursday](https://www.reuters.com/world/asia-pacific/boj-board-member-masu-calls-early-rate-hike-2026-05-14/) the bank should raise interest ​rates as soon as possible if there are no clear signs of an economic slowdown, suggesting he could join dissenters ​in backing a rate hike next month. In the May 7-14 poll, 65% of economists, 40 of 62, forecast ⁠the policy rate would rise to 1.0% by end-June, similar to an [April survey](https://www.reuters.com/world/asia-pacific/boj-hike-rates-by-june-war-fuelled-inflation-risks-mount-2026-04-16/). All but one of 62 respondents expected a hike by ​end-September. Median forecasts showed the BOJ raising rates to 1.25% in the fourth quarter and to 1.50% in the third quarter next year, the same ​as last month's poll.