JPMorgan Asset Management: Bank of Japan expected to avoid another rate hike in the short term

Morgan Asset Management said the Bank of Japan will avoid raising interest rates again in the short term, and further tightening may depend on the direction of the US economy. "The Bank of Japan actually has a path to act again, but that is a path where the Fed cuts interest rates and tries to stabilize the US economy," said Seamus Mac Gorain, the company's global head of interest rates. "Of course, if the United States falls into recession, the road is blocked." Morgan Asset Management is betting that the gap between short-term and long-term Japanese government bond yields will narrow. (Jinshi)