Core Viewpoint - The Bank of Japan is currently in a phase where it can pause interest rate hikes, but it should resume the rate hike cycle after some time [1] Summary by Relevant Sections - **Current Monetary Policy Stance** - The Bank of Japan is gradually approaching its price target and should maintain its current accommodative policy stance to sustain this momentum [1]

Core Viewpoint - The New Zealand central bank's cautious stance on future interest rate cuts is seen as a positive development for the New Zealand dollar (NZD) [1] Group 1 - Analysts from ING, including Francisco Pesole, noted that the Reserve Bank of New Zealand (RBNZ) is shifting away from a dovish policy stance, which is likely to support the NZD's upward momentum [1] - RBNZ's Chief Economist Paul Conway and Governor Christian Hawkesby have also expressed caution regarding further rate cuts, reinforcing the positive outlook for the NZD [1]