According to Jinshi Data, Marcel Thieliant, head of Asia Pacific at Capital Economics, said that Japan's first-quarter GDP data was weaker than expected, and personal consumption was flat with the previous quarter. US tariffs may drag down Japan's export growth, and the Bank of Japan's pessimistic judgment on the economic outlook seems to be correct.
Therefore, the Bank of Japan may not raise interest rates in July, and the possibility of postponing the rate hike has increased.