JPMorgan Sees BOJ Continuing Rate Hikes to Tackle Yen Depreciation and Inflation Pressures

According to ChainCatcher, JPMorgan economist Ayako Fujita has indicated in a report that the Bank of Japan might continue to raise interest rates to address concerns over the yen's weakness. Bank of Japan Governor Kazuo Ueda mentioned in a press conference last Friday that some committee members have expressed worries about the impact of the yen's depreciation on future inflation. Many journalists have questioned whether the yen's ongoing depreciation is due to the Bank of Japan delaying policy adjustments. JPMorgan anticipates that the Bank of Japan will increase interest rates twice next year, in April and October, with the policy rate reaching 1 source: https://www.binance.com/en/square/post/34036347065057?utm_source=BinanceNewsRSS