Core Viewpoint - The Bank of Japan (BOJ) has maintained its benchmark interest rate at 0.5% while raising its inflation forecast, indicating a potential shift towards interest rate hikes in the near future [1][4]. Economic Outlook - The BOJ has increased its average inflation forecast for the current fiscal year from 2.2% to 2.7%, surpassing market expectations of 2.5% [1]. - The BOJ has also slightly raised its economic growth forecast for 2026 and 2027, reflecting a more optimistic outlook [1][4]. Inflation and Monetary Policy - The BOJ's monetary policy committee has assessed the overall risk of inflation to be balanced, suggesting a readiness to consider interest rate hikes if conditions allow [4][8]. - The central bank's latest report indicates that trade uncertainties have decreased, allowing for a more focused evaluation of the economic impact of tariffs [6][8]. Market Reactions - Following the BOJ's announcement, the Japanese yen appreciated against the US dollar, and the yield on 2-year Japanese government bonds rose by 1.5 basis points to 0.835% [4][6]. - The BOJ's adjustments in inflation expectations are driven by rising food prices, particularly rice, which have contributed to Japan having one of the highest inflation rates among G7 countries [6][8].
为加息“留门”？日本央行如期按兵不动 但通胀预测上调幅度超预期
智通财经网·2025-07-31 04:41