[Barclays: Bank of Japan Expected to Raise Interest Rates in July and December Next Year] Jin10 News, December 26 – Two members of Barclays FICC Research stated in a research report that the Bank of Japan is likely to raise interest rates in July and December 2026. The members indicated that this outlook is based on Japan's 'spring wage negotiation cycle.' They noted that the Bank of Japan's recent rate hike once again demonstrates that the wage increases decided during the annual spring negotiations are not only the starting point of the Bank of Japan's 'wage-price cycle' narrative but also the strongest bargaining chip with the Japanese government on the issue of rate hikes. The members added that the Bank of Japan must also give due attention to the risk of another depreciation of the yen, as it has done so far.