Akira Otani of Goldman Sachs stated in a research report that considering the interest rate hike decision of the Central Bank of Japan last Friday and the speech of Governor Haruhiko Kuroda, Goldman Sachs maintains its baseline scenario forecast, which is that the Central Bank of Japan will continue to raise interest rates twice a year.
Otani said Japan’s Central Bank’s next rate hike should take place in July. “Given the modest rise in underlying inflation and the fact that we are still some way from achieving a sustainable 2% inflation target, we expect to raise rates twice a year,” Otani said. However, Otani added: "We need to be reminded that there is considerable uncertainty about the timing of the next rate hike. (Golden Ten)
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