BlockBeats message, April 20, according to five sources familiar with the Bank of Japan’s thinking, the Bank of Japan is unlikely to raise interest rates next week. Because the hope that the Middle East war will end in the short term is gradually fading, Japan’s economic and price outlook remains full of uncertainty.
Although the final decision still carries a certain level of uncertainty and will also depend on the progress of peace negotiations between the United States and Iran, the above sources said the central bank tends to keep things unchanged this month in order to have more time to assess the impact of this conflict. One of the sources said, “Given the large amount of uncertainty currently, the Bank of Japan may think it is feasible to keep things unchanged this month.”
Another source also expressed the same view. A third source said the Bank of Japan is unlikely to raise interest rates because the market has already fully factored in the possibility that there will be no rate hike this month. These sources said that even if the Bank of Japan keeps interest rates unchanged next week, given the intensifying inflation pressures, it is very likely to send signals that it is ready to raise rates as early as June. (Jin10 )
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