The Bank of Japan may raise interest rates three more times even after last month’s historic hike, according to Pacific Investment Management Co. “This is really, from our standpoint, sort of the beginning of the adjustment of monetary policy in Japan rather than the end game,” said Sachin Gupta, a portfolio manager who helps oversee more than $40 billion in assets at Pimco and is underweight Japan bonds. While some market participants are expecting another half point or so of hikes this year, “we think there is a possibility they go a little bit higher, maybe 0.75%.” Gupta, who sees Japan’s tightening cycle possibly ... (full story)