Rakuten Bank expects the Bank of Japan to hike rates again later this year after scrapping its negative interest rate policy in March, in a move that will likely boost profits for the Japanese online financial firm. In an exclusive interview, CEO Hiroyuki Nagai says the weak yen pressuring is likely to force the central bank to raise rates by October at the latest. (Source: Bloomberg)

from Bloomberg Markets https://ift.tt/l7q8PTY