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

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ME News Report, May 14 (UTC+8), Barclays economists noted that the stance of the Bank of Japan Policy Board members is showing signs of a hawkish shift; a member considered a centrist on the board expressed clearer support for an earlier rate hike in a speech on Thursday. During the Bank of Japan’s policy meeting in April, three other members proposed raising the interest rate to 1.0%, although the proposal was ultimately rejected by a majority vote. “Given that the Bank of Japan seems committed to an earlier rate hike, we maintain our previous forecast of a June increase,” the economists stated. They added that the key now is whether Japanese Prime Minister Sanae Takaichi will tolerate the Bank of Japan implementing a rate hike. (Source: Jin10)

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