Bank of Japan Governor: There is still uncertainty about a rate hike in July; the timing will depend on economic conditions

After Wednesday's policy decision and Governor Ueda Kazuo's speech, the market generally expects the Bank of Japan to possibly raise interest rates in July.
Bank of Japan Deputy Governor Otani stated that although rising crude oil prices have a limited impact on medium- and long-term inflation, and the Japanese economy will not fall into recession, there remains a high degree of uncertainty about the timing of a rate hike.
With inflationary pressures increasing, a rate hike could be brought forward to July, but if Japan's economy falls into recession due to worsening trade conditions and other factors, the hike might be delayed until the second half of the year.