Market Analysis: Bank of Japan Unlikely to Raise Interest Rates Again Before June Next Year

BlockBeats News, December 19, EFG Bank economist Sam Jochim stated that the Bank of Japan's belated interest rate hike is more like easing off the accelerator rather than hitting the brakes. He believes there is still room for further rate hikes next year and pointed out that the Bank of Japan emphasized that even after the rate hike, interest rates remain significantly low. The future trend will largely depend on the annual spring labor-management wage negotiations, which set the tone for wage growth, meaning it is unlikely there will be another rate hike before June next year. He noted that although the Bank of Japan remains behind the curve after today's decision, the pace of monetary policy tightening will continue to be very gradual. (Golden Ten Data)