Former Bank of Japan official: The next rate hike by the Bank of Japan may be in October at the earliest

A former Bank of Japan official said that the Bank of Japan may not be in a hurry to raise interest rates again, and the fastest time to raise interest rates may be in October. Tsutomu Watanabe, who is now a professor of economics at the University of Tokyo, said, “I don’t think the next step will come so soon.” "The Bank of Japan may adjust its policy based on the data and will not act irrationally. "With service prices still somewhat subdued and a key inflation data coming out only after the March 18-19 meeting, the BOJ’s decision to end the world’s last negative interest rate last month does not appear to be an evidence-based policy move.