Former BOJ Policy Board Member: Due to increased price pressures, the central bank may raise interest rates before July

By: rootdata|2026/04/07 15:42:01
0
Share
copy

Seiji Adachi, a former policy board member of the Bank of Japan, said on Tuesday that the Bank of Japan is likely to raise interest rates before July, as the war in the Middle East has caused oil costs to soar, increasing the risk of the central bank falling behind the curve in addressing rising inflation pressures. Adachi stated that the core inflation rate has reached the central bank's target of 2%, and last week's Tankan survey showed that companies' five-year inflation expectations have reached 2.5%.

He noted that the surge in oil prices and supply constraints caused by the war in Iran provide more reasons for the central bank to quickly raise its short-term policy rate from the current 0.75%. He stated, "The Bank of Japan should raise interest rates to a neutral level for the economy as soon as possible," adding that Japan's neutral interest rate may be around 1.25%. However, Adachi mentioned that the likelihood of a rate hike in April is "50%" because the war in Iran keeps the market volatile and obscures Japan's fragile economic outlook.

-- Price

--

You may also like

The flow of stablecoins and the spillover effects in the foreign exchange market

Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...

After two years, Hong Kong's first batch of stablecoin licenses finally issued: HSBC, Standard Chartered make the cut

The regulated entity is set to launch a stablecoin in the first half of this year.

The person who helped TAO rise by 90% has now single-handedly crashed the price again today

As long as people are around, the story continues. But once they're gone, you may not even find a worthy opponent to play against.

3-Minute Guide to Participating in the SpaceX IPO on Bitget

Bitget IPO Prime brings a rare opportunity for global users to participate in world-class unicorn IPOs, allowing ordinary users to equally access the potential economic benefits of top-tier IPOs.

Top 5 Cryptos to Buy in 2026 Q1: A ChatGPT Deep Dive Analysis

Explore the top 5 cryptos to buy in Q1 2026 including BTC, ETH, SOL, TAO, and ONDO. See price outlooks, key narratives, and institutional catalysts shaping the next market move.

How to Earn $15,000 with Idle USDT Before Altcoin Season 2026

Wondering if altcoin season is coming in 2026? Get the latest market update, and learn how to turn your idle stablecoins waiting for entry into extra rewards up to 15,000 USDT.

Popular coins

Latest Crypto News

Read more