Goldman Sachs: The Bank of Japan Still May Raise Interest Rates in July

Golden Finance reports that on April 21st, the specific timing of the Bank of Japan’s next rate hike remains uncertain, with significant ambiguity. However, Goldman Sachs analyst Akira Otani stated that the possibility of a rate hike in July still exists. The economist mentioned in a research report: “By then, all the data needed to assess the impact of high oil prices on the economy, wages, and prices will be available.” The Bank of Japan may keep interest rates unchanged this month but could lower its economic growth forecast and raise its inflation forecast for fiscal year 2026 to reflect the escalating tensions in the Middle East and rising oil prices. Otani added that the Bank of Japan might consider the uncertainty surrounding this outlook to be high. (Jin10)