Nothing Chouiri, deputy director of the Department of Asia-Pacific of the International Monetary Fund (IMF) and Mission Chief for Japan, said Friday that the “Bank of Japan (BOJ) probably uploads interest rates again this year.”
Outstanding statements
They are expected to reach levels considered neutral for the economy at the end of 2027.
Japan’s neutral interest rate is expected to be in the 1-2%band.
It is likely that Japan’s economy expands 1.1% this year, since the continuous recovery of salary growth supports domestic demand.
Future uploads of BOJ rates should be gradual and flexible to ensure the rebound in domestic demand.
The risks for Japan’s economic growth are biased down, since geopolitical fragmentation and high uncertainty weigh on global growth.
Market reaction
The USD/JPY maintains slight profits about 151.50 after these comments, rising 0.11 % in the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
