Market Analysis: Bank of Japan members shift to a hawkish stance, but the key lies in the Prime Minister's attitude

Golden Finance reports that on May 14, Barclays economists said that the stance of members of the Bank of Japan’s policy board is showing signs of shifting toward a more hawkish position. Masaichi Masuiko, an individual viewed as a moderate member, in a speech on Thursday, expressed clearer support for an earlier rate hike. At the Bank of Japan’s policy meeting held in April, three other members proposed raising interest rates to 1.0%, but the proposal ultimately failed due to opposition by a majority vote. “Given that the Bank of Japan appears firmly committed to an earlier rate hike, we maintain our previous forecast of a rate hike in June,” the economists said. They added that the key now is whether Japanese Prime Minister Sanae Takaichi will tolerate the Bank of Japan implementing a rate hike. (East News Agency)

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