Reported 4 months ago
Columbia University's Takatoshi Ito predicts that the Bank of Japan may raise interest rates twice more in 2024, reaching 0.25% and 0.5%, emphasizing a cautious approach to avoid directly addressing the weak yen. Despite speculation surrounding the yen's weakness potentially prompting earlier action, Ito warns against such measures due to potential negative impacts on the domestic economy. The BOJ's next policy meeting on June 14 is expected to maintain rates, with focus on potential adjustments to bond purchasing operations or hints at quantitative tightening, as Japan's 10-year bond yields have risen to 1.1%.
Source: YAHOO