Gate News reports that on March 19, Nomura Holdings Wholesale Business Head Wilcox stated that despite the shadow cast on economic prospects by the impact of the Iran war, the Bank of Japan is still expected to raise interest rates next month. He believes that the Middle East conflict makes a rate hike in April more likely. Wilcox pointed out that Japan has already begun normalizing its monetary policy, so he has been expecting a rate increase this year. Considering the uncertainty of the Middle East situation, Wilcox expressed doubt about whether the Bank of Japan will continue to raise rates after April. He mentioned that one factor policymakers in Japan need to consider is the impact of yen depreciation on inflation.
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