Svmuu News: SMBC Nikko Securities economist Yoshimasa Maruyama stated that, given the results of Thursday’s meeting of branch governors of the Bank of Japan (BOJ), the Bank of Japan (BOJ) may still be expected to raise interest rates again in October. The branch governor of Bank of Japan (BOJ) noted that, despite tensions in the Middle East, production remains resilient and there is potential for further price pass-through.
Yoshimasa Maruyama stated, “Overall, this can be seen as a step toward further rate hikes. However, the Bank of Japan (BOJ)’s report and the regional bank presidents’ briefings did not convey a sense of urgency for an immediate rate hike at the next meeting.” (Jin Shi)