ChainThink reports that on March 11, Vincent Chung, portfolio manager at T. Rowe Price, stated in a report that the Bank of Japan may hold interest rates steady in March due to the time needed to reassess the current geopolitical situation.
He believes the bank may take monetary policy action in April, as wage negotiation data will be available by then. He noted that recent factors such as rising oil prices have heightened inflation risks, and persistently high oil prices could serve as a long-term constraint on the central bank’s policy stance.
Chung also noted that the market may be concerned about potential yen intervention, but the recent depreciation of the yen has been consistent with other major currencies. He added that if the Bank of Japan signals a dovish stance at its March meeting, it could exert further downward pressure on the yen. (Jinshi)