Japan's Central Bank May Raise Rates in June, Economist Says

On April 30, economist Nobuyasu Atago from Rakuten Securities Economic Research Institute stated that the Bank of Japan is likely to raise policy rates at its next meeting in June, unless concerns over energy supply intensify before mid-June. According to Jin10, Atago mentioned that the possibility of a swift rate hike by the Bank of Japan is high once the impact on supply chains, particularly the risks of disruptions in crude oil and naphtha procurement, begins to ease. Bank of Japan Governor Kazuo Ueda has previously emphasized the central bank's focus on avoiding falling behind in addressing inflation issues.