通胀预期升温，日本央行坚定维持加息立场

Group 1 - The Bank of Japan's Deputy Governor, Shinichi Uchida, stated that despite economic uncertainties from U.S. tariff policies, the central bank expects wages and prices to continue rising, indicating a commitment to addressing inflation pressures [1] - Japan's labor market remains tight, leading to the largest wage increase in over 30 years, which is expected to positively impact consumer spending [1] - The Consumer Price Index (CPI) in Japan rose by 3.6% year-on-year in March, remaining above the Bank of Japan's 2% target for 36 consecutive months, providing solid support for potential interest rate hikes [1] Group 2 - The Bank of Japan's internal estimates suggest that the nominal neutral interest rate should be between 1% and 2.5%, while the IMF assesses it to be between 1% and 2% [2] - Uchida noted that a strong yen, while negatively impacting export sectors, has increased household real income and improved retailer profits by lowering import costs [2] - The Bank of Japan is cautiously balancing economic growth and inflation control amid increasing global economic uncertainties, particularly in light of new U.S. tariff policies [2] Group 3 - The Nikkei 225 index recently surpassed 38,000 points, reflecting investor confidence in Japan's economic outlook [2]