According to reports from Jinshi Data, Japan's Monex Securities pointed out that due to rising global uncertainties, the Bank of Japan will almost certainly maintain its policy interest rates. The impact of Trump's tariff policy has weakened the short-term prospects for interest rate hikes.
The focus of the meeting may be on the outlook report. With high inflation, wage negotiations show that price pressures still exist in wage growth. Policymakers need to strike a balance between inflation and global uncertainties, which will affect the future path of interest rates.
We expect the Bank of Japan may raise interest rates again later this year, but confidence in a rate hike in September is low, and this prediction will be reassessed after the meeting.