Institution: The Bank of Japan's rate hike pace may be slightly faster than previously expected
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Jinse Finance reported that economists at BNP Paribas stated that, given Japanese Prime Minister Sanae Takaichi's expansionary fiscal policy may further drive up inflation, the Bank of Japan is expected to raise interest rates at a slightly faster pace than previously anticipated. Analysts predict that the Bank of Japan will hike rates in April, and will continue to tighten policy every four to five months thereafter until the policy rate reaches 2%. The report pointed out: "Depending on future exchange rate trends, the possibility of bringing forward the next rate hike to March cannot be ruled out." Japanese officials have previously warned that the government is prepared to take measures against excessive fluctuations in the yen. (Golden Ten Data)
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