Some 83% of economists forecast the Bank of Japan will raise borrowing costs from the current level of 1.25% at its policy board meeting in December. | Bloomberg

More than 80% of Bank of Japan watchers anticipate the central bank’s next interest rate increase will come in December, according to a recent survey. None expect a hike when the bank concludes its next meeting on Oct. 30.

Some 83% of economists forecast the bank will raise borrowing costs from the current level of 1.25% at its meeting ending on Dec. 18. Just last month, only 35% forecast a hike in December. In that survey, January was the most popular pick for the next rate hike.

The latest survey results also show that 67% of respondents expect the BOJ to raise rates every three months, up from 46% in the last survey.…