Goldman Sachs: BOJ's New Board Member Nomination May Reduce Likelihood of Near-Term Rate Hike

BlockBeats News, February 26th, the Goldman Sachs research team economist Akira Otani pointed out in a research report that the Japanese government's nomination of Uemura Ryuzaburo and Satoh Ayanosuke as Bank of Japan Policy Board members has somewhat reduced the likelihood of an early rate hike in April or June. Although the two candidates have not publicly commented on current economic policies, they have both advocated for aggressive fiscal expansion and loose monetary policy in recent years. Based on past remarks, these nominees may take a relatively cautious stance on further rate hikes. Goldman Sachs maintains its benchmark forecast that the Bank of Japan's next rate hike will be in July. (Kinshi)