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(Bloomberg) Rakuten Bank Ltd. 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.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceHomebuyers Are Starting to Revolt Over Steep Prices Across USMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyNvidia Unveils Next-Generation Rubin AI Platform

Bloomberg businessweekHiroyuki nagaiKadrian wongShery ahnRakuten groupBloomberg televisionRakuten bankRakuten group incBloomberg rakuten bank ltdChief executive officer hiroyuki nagaiRakuten considers combining financial unitsCostly junk bonds signal challenge ahead