According to Odaily, Masazumi Wakatabe, former Deputy Governor of the Bank of Japan and a member of a government policy group, emphasized the need for Japan to improve its neutral interest rate through fiscal policies and growth strategies. He stated that if fiscal policy leads to an increase in Japan's neutral interest rate, a rate hike by the Bank of Japan would be a natural outcome. However, he advised against premature rate increases and excessive tightening of monetary policy at this time.

Analyst Justin Low expressed skepticism regarding Wakatabe's comments, pointing out his affiliation with a government group appointed by Japanese Prime Minister Sanae Takaichi. Low suggested that Wakatabe's comments might align with the government's interests and counteract the potential rate hike by the Bank of Japan later this week. $BNB

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