Source: Bank of Japan to keep policy steady in March
BlockBeats News, March 11th, T. Rowe Price portfolio manager Vincent Chung stated in a report that due to the need for time to reassess the current geopolitical situation, the Bank of Japan may maintain its interest rate in March.
He believes that the Bank may take monetary policy action in April as wage negotiation data will be available by then. He stated that recent increases in oil prices have heightened inflation risks, and persistently high oil prices could become a long-term drag on central bank policy.
Chung also pointed out that the market may be concerned about potential yen intervention, but the recent yen depreciation is in line with other foreign exchange peers. He added that if the Bank of Japan sends a dovish signal at the March meeting, it may exert further pressure on the yen. (FXStreet)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trader Gu Jingci: Midterm elections concluded, awaiting market signals
Diamondback (FANG.US): Permian Basin will become the largest natural gas producing region in the United States by the 2030s
Diamondback Energy (FANG.US) stated that the Permian Basin, the site of the highest oil production in the United States, will also become the country's largest natural gas production area sometime in the 2030s.
Disney (DIS.US) reportedly plans to lay off thousands of employees, with some managers being asked to save 20% of annual costs.
According to informed sources, Disney (DIS.US) is planning to lay off thousands of employees. The entertainment giant has asked some managers to set their annual cost-saving targets at 20%.
Crypto prices
More
