According to ChainCatcher, Tom Kenney, a senior international economist at ANZ Bank, stated in a research report that the Bank of Japan is likely to maintain interest rates unchanged at this week's meeting amid uncertain trade policies.
He indicated that this uncertainty is expected to escalate in the coming months, which means the Bank of Japan is highly unlikely to raise interest rates soon. Bank of Japan Governor Kazuo Ueda may adopt a cautious tone at the press conference and is expected to emphasize the need to closely monitor developments to assess tariff impacts. ANZ Bank has postponed its Bank of Japan rate hike forecast from the previous May and October 2025 to October and April 2026, respectively.
