Goldman Sachs: The Bank of Japan may raise interest rates as early as July

Golden Finance reports that on April 29th, Goldman Sachs’ Akira Otani stated in a research report that following Wednesday’s policy decision and Governor Ueda Shinichiro’s speech, the Bank of Japan is likely to raise interest rates in July. “We still believe that the rise in crude oil prices will have a limited impact on medium- to long-term inflation expectations, and the Japanese economy will not fall into a recession.” Otani pointed out that there is high uncertainty about the timing of the rate hike; although the rate hike could occur earlier than July amid increasing inflationary pressures, if the Japanese economy falls into a recession due to worsening trade conditions or other factors, the rate hike could be delayed from July to the second half of the year. (Dongxin News Agency)