🇯🇵 Bank of Japan Eyes Rate Hikes to Combat Yen Weakness
The Bank of Japan (BOJ) is under increasing pressure to address the ongoing depreciation of the Yen. According to a recent report by JPMorgan economist Ayako Fujita, further interest rate hikes are likely on the horizon to curb inflation risks linked to a weak currency.
Key Highlights:
Inflation Concerns: BOJ Governor Kazuo Ueda noted that committee members are worried about how the Yen's decline could drive up future inflation.
Policy Shift: There is growing debate over whether the Yen's weakness is a direct result of the BOJ's delayed policy adjustments.
JPMorgan Forecast: Experts predict two rate hikes in 2025—one in April and another in October.
Long-term Goal: The policy rate is projected to reach 1.25% by the end of 2026.$BTC $SOL
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