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Kea Tu Macro: The three dissenting votes at the Bank of Japan represent the largest disagreement since 2016, maintaining the June interest rate hike forecast
Golden Finance reported that on April 28, Marcel Thieliant, Asia Economics Head at Capital Economics (Macro), said that although the Bank of Japan kept interest rates unchanged, its outlook report was hawkish. Thieliant still stands by his forecast that the Bank of Japan will raise interest rates in June. He added that three commissioners voted in favor of the rate hike, the biggest dissent since the implementation of the negative interest rate policy in 2016. While it is not surprising that Takada So (a figure known for consistently hawkish views) and Naoki Tamura cast their votes against the move, it is the first time that Shunko Nakagawa has joined the dissenting camp. ( Dongxin News Agency )