TechFlow news, October 13 — According to Jinshi Data, Marcel Thieliant, Capital Economics' Head of Asia-Pacific Research, said that uncertainties in Japan's fiscal outlook and weak economic data could prompt the Bank of Japan to delay its next rate hike from October to January next year. He noted that after Sanae Takaichi won the LDP leadership election and Komeito exited the ruling coalition, Takaichi will need support from other parties, giving opposition groups greater leverage to push for costly measures such as tax cuts equivalent to 2.8% of GDP. Weak manufacturing profits may constrain wage growth next year, while a sharp decline in the BoJ's consumer activity index shows rising food prices are weighing on household spending. Recent comments from BoJ officials also suggest they are in no rush to tighten policy and are assessing the full impact of U.S. tariff measures. Capital Economics pointed out that delaying rate hikes could keep the yen weak for longer, supporting the TOPIX.
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