The OECD projects that the Bank of Japan’s policy rate will rise to 2% by the end of 2027, according to a new estimate reported by multiple outlets. The assessment is part of the OECD’s updated view of Japan’s monetary policy outlook and follows changes in the BOJ’s rate setting since earlier forecasts. One report notes that the OECD’s survey is its first on Japan since January 2024, when the BOJ’s policy rate was still negative. Since that time, Japan’s policy environment has shifted, and the OECD estimate reflects expectations for further normalization of rates over the coming years. The reporting also frames the OECD’s publication as a significant update to its Japan coverage after a gap of more than two years, emphasizing that the forecast is grounded in the organization’s assumptions about economic and inflation developments. Both sources agree on the key figure—2% by the end of 2027—and identify the new OECD survey as its first Japan-specific inquiry since early 2024.