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Mitsubishi UFJ: The Bank of Japan is expected to proceed cautiously regarding the next interest rate hike

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ME News Report, April 20 (UTC+8), due to the geopolitical uncertainties faced by central banks around the world, Mitsubishi UFJ has delayed the expected timing of the Bank of Japan's rate hike from April to June. The company's analysts stated: "Given the limited hard economic data available after escalating tensions in the Middle East, the Bank of Japan may proceed cautiously." However, with Japan's inflation-adjusted interest rates still at "extremely low" levels, this should prompt Bank of Japan Governor Ueda Kazuo to indicate at next week's press conference his readiness to adopt a tightening monetary policy to prevent rising inflation pressures. (Jin10) (Source: ODAILY)
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