Japan's Central Bank to Maintain Current Policy Amid Middle East Tensions, Economist Says

Economist Nobuyasu Atago from Rakuten Securities Economic Research Institute has highlighted the key focus for the Bank of Japan's next move. According to Jin10, Atago noted that the rise in energy prices due to Middle East conflicts could trigger a chain reaction affecting other goods and services. He anticipates that the Bank of Japan will maintain its current policy at next week's meeting, emphasizing the importance of providing necessary funds to those in need rather than raising interest rates. Atago stated, 'Delaying a rate hike is appropriate until the situation in the Strait of Hormuz normalizes or the outlook for crude oil procurement becomes clear.'