JPMorgan: Bank of Japan Expected to Keep Interest Rates Unchanged, Next Rate Hike Could Be Brought Forward to May

BlockBeats News, March 18th, JPMorgan Chase stated that the Bank of Japan will announce its interest rate decision for March this week. It is highly likely that the policy rate will remain unchanged at 0.50%. Whether important conditions for further rate hikes will be revealed at the meeting will be crucial in determining the timing of the next rate hike and is worth paying attention to. Considering the increased communication from Bank of Japan officials regarding the upside risks to inflation recently, we believe that the possibility of a rate hike may be raised at the next meeting in May, but our base case scenario is a rate hike in June. In the event that the Bank of Japan keeps its policy unchanged, the reaction of the yen exchange rate may be limited. (Kinoko)