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Source: Bank of Japan (BOJ): Interest Rates Expected to Remain Unchanged in March
Svmuu News: Vincent Chung, a portfolio manager at T. Rowe Price, stated in a report that the Bank of Japan (BOJ) is likely to keep interest rates unchanged in March, as it needs time to reassess the current geopolitical situation. He believes the central bank may take monetary policy action in April, when wage negotiation data becomes available.He noted that factors such as the recent rise in oil prices have heightened inflation risks, and persistently high oil prices could become a long-term drag on the central bank’s ability to act.Chung also pointed out that the market may be concerned about potential yen intervention, but the recent depreciation of the yen is in line with other major currencies. He added that if the Bank of Japan (BOJ)s sends a dovish signal at its March meeting, it could put further pressure on the yen. (Jin Shi)
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