Bank of America has adjusted its expectations for the Bank of Japan's interest rate hike from March to this week
ChainCatcher news, according to Jinshi reports, Bank of America announced an adjustment to its expectations for the Bank of Japan's interest rate hike, predicting that the Bank of Japan will raise rates by 25 basis points to 0.50% at its policy meeting this Friday (January 26), significantly earlier than the previously expected March timeline.Bank of America stated that strong inflation data and the possibility that the Bank of Japan may need to revise its inflation forecasts are the main reasons for the earlier rate hike expectation. Additionally, recent hawkish comments from senior central bank officials, including Governor Ueda Kazuhiro and Deputy Governor Amamiya Masayoshi, also support this judgment. Previously, Bank of America leaned towards a March timeline to allow the Bank of Japan more time to assess the new U.S. government's policies.
