Lates News

Nomura Holdings' head of wholesale business, Wilcox, stated that despite the shadow cast by the Iran conflict on the economic outlook, they still expect the Bank of Japan to raise interest rates next month. He believes that the likelihood of a rate hike in April has increased due to the Middle East conflict. Japan has already embarked on the path of monetary policy normalization, so they have been expecting a rate hike this year. Considering the uncertainty of the situation in the Middle East, Wilcox is not very certain whether the Bank of Japan will continue to raise interest rates after April. One factor that Japanese policymakers need to consider is the impact of the depreciation of the yen on inflation.