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The possibility of the Bank of Japan raising interest rates in December has decreased
Bitget2024/10/07 05:51
On October 7th, Naomi Muguruma, Chief Fixed Income Strategist at Mitsubishi UFJ Morgan Stanley Securities, stated in a research report that recent political developments in Japan may have slightly reduced the likelihood of the Bank of Japan raising interest rates at its December meeting.
Japanese Prime Minister Shi Pomao's monetary policy remarks have changed. Since being appointed as Prime Minister on October 1st, he has shifted from "I will respect the decision of the Bank of Japan" to "it is not suitable to raise interest rates in the current environment".
Muguruma added that although Shi Pomao's actual views may not have changed, the current prime minister may find it difficult to agree to raise interest rates shortly after the October 27 election.
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