Reported 2 months ago
A former board member of the Bank of Japan, Makoto Sakurai, has stated that the central bank is unlikely to raise interest rates again in 2024 due to recent market turmoil and low economic recovery prospects. The BOJ's recent hike to 0.25% has raised caution among investors, with Sakurai suggesting the bank should wait to monitor market conditions before considering further increases. Upcoming parliamentary discussions may address the implications of these monetary decisions.
Source: YAHOO