Goldman Sachs: Bank of Japan likely to keep policy rate unchanged next week

Goldman Sachs economists said in a report that the Bank of Japan is likely to keep its policy rate unchanged next week from a risk management perspective amid high uncertainty. They said: "After assessing that uncertainty in its baseline outlook is high, the Bank of Japan may judge that while downside risks to the economic outlook are substantial, upside risks to the price outlook are also substantial." They noted that the Bank of Japan is likely to maintain its stance of gradual rate hikes. (Jinshi)