ANZ: The Bank of Japan may stay put amid uncertain trade policies

ChainCatcher news, ANZ senior international economist Tom Kenney stated in a research report that, in the context of uncertain trade policies, the Bank of Japan is likely to maintain interest rates at its meeting this week.

He noted that this uncertainty is expected to persist at least for the next few months, which means the Bank of Japan is very unlikely to raise interest rates anytime soon. Bank of Japan Governor Kazuo Ueda may adopt a cautious tone at the press conference, emphasizing the need to closely monitor developments to assess the impact of tariffs. ANZ has pushed back its forecast for a rate hike by the Bank of Japan from May and October 2025 to October 2025 and April 2026, respectively.