Goldman Sachs: Nomination of new Bank of Japan governor may reduce the likelihood of recent rate hikes

BlockBeats News, February 26 — Goldman Sachs research team economist Akira Otani pointed out in a research report that the Japanese government’s nomination of Asada Tōichirō and Sato Ayano as members of the Bank of Japan’s Policy Board has somewhat reduced the likelihood of an early rate hike in April or June. Although the two candidates have not publicly commented on current economic policies, they have both advocated for active fiscal expansion and loose monetary policy in recent years. Based on past statements, these nominees may be relatively cautious about further rate hikes. Goldman Sachs maintains its baseline forecast that the Bank of Japan’s next rate increase will occur in July. (Jin10)