The Bank of Japan's policy meeting begins today, with a view emerging that it will raise interest rates again just 3 months after its previous hike. Persistent inflation risks are behind the expectation.
The Bank of Japan's policy meeting begins today, with a rate hike after a 3-month interval now expected. The market's focus is on the path toward the next rate hike.
Higher crude oil prices resulting from the situation in the Middle East and growing AI demand are cited as factors behind rising prices worldwide. This is raising questions about how the Bank of Japan, whose mandate is to maintain price stability in Japan, will respond. Concerns about yen depreciation have also been highlighted.
Following the United States' decision to raise interest rates, the yen weakened further, with estimates indicating a depreciation of slightly more than ¥1. Attention is focused on how the market will respond to the Bank of Japan's future rate-hike policy.
The market's central focus is how the Bank of Japan will set out the path toward its next rate hike, with the direction of monetary policy a key point of interest.