Kaitou Macro: Bank of Japan may still raise interest rates further

According to BlockBeats, on March 19th, Marcel Thieliant, the head of Kanto Macro Asia Pacific, stated that the Bank of Japan kept interest rates unchanged today, as widely expected by the market, but there is still a possibility of further raising policy rates, with a high likelihood of a rate hike at the meeting on April 30th to May 1st. The inflation rate is much higher than the Bank of Japan's target of 2%. In addition, the salary increase resulting from this spring's wage negotiations is even greater than last year, which should bring additional upward pressure to inflation in the coming months. Kaitou Macro predicts that by 2027, the Bank of Japan will raise its policy interest rate to 1.5%. (Golden Ten)