Analysis: The Bank of Japan is unlikely to raise interest rates again before June next year.

EFG Bank economist Sam Jochim stated that the Bank of Japan's belated rate hike was more like easing off the accelerator than slamming on the brakes. He believes there is still room for further rate hikes next year, noting that the Bank of Japan emphasized that even after the hike, interest rates remain significantly low. Future trends will largely depend on the annual spring labor negotiations, which will set the tone for wage growth, meaning another rate hike before June is unlikely. He stated that although the Bank of Japan is still behind the curve after making today's decision, the pace of monetary policy tightening will continue to be very slow. (Jinshi)