Nomura calls for a rate hike in June, while Reuters says to wait a bit longer. The Bank of Japan is really caught in a dilemma with this move.

Nomura Securities states that the Bank of Japan may raise interest rates in June to address inflation risks caused by the yen's depreciation; however, several economists surveyed by Reuters believe the central bank might hold steady, waiting for the Middle East situation to become clearer before taking action, as the conflict could have a greater negative impact on the Japanese economy. The situation is delicate, and the central bank has recently missed several opportunities to raise rates, now caught in a dilemma as the US-Iran war continues to escalate.