Former Bank of Japan Policy Board Member: The likelihood of a rate hike in March is increasing

ChainCatcher news, former member of the Bank of Japan's Policy Board, Makoto Sakurai, stated that given the increasing uncertainty brought by the election of Donald Trump as President of the United States, the likelihood of the Bank of Japan delaying interest rate hikes until March is growing. "When Trump comments on various issues, there seems to be too much uncertainty. There may not be enough reason to support a rate hike in January." As Makoto Sakurai spoke, observers of the Bank of Japan were looking for hints regarding a rate hike this month or later.

Makoto Sakurai believes that the probability of a rate hike in March is as high as 70%, as the Bank of Japan may prefer to wait until the situation becomes clearer in the first few months after Trump's new administration takes office. (Jin Shi)