Goldman Sachs forecasts that the Bank of Japan will maintain its interest rate at the unchanged level in June, and the next increase may be postponed until January 2026.【比推】According to reports, Goldman Sachs expects that since the policy meeting on issuance in April, published indicators of economic activity and prices continue to indicate the strengthening of the positive cycle in Japan, but the impact of increased tariffs may materialize in the future. From a risk management perspective, in conditions of high uncertainty, it is expected that the Bank of Japan will keep its interest rate unchanged in June while maintaining its stance on gradual increases. Goldman Sachs believes that the next interest rate hike will occur in January 2026. Regarding the medium-term assessment of the Bank of Japan's plan to reduce purchases of Japanese government bonds (as of March 2026), it is expected that the existing plan will remain unchanged. After that, it is expected that the Bank of Japan will continue to reduce purchase volumes over the course of the year.#JapanEconomy
