TechFlow news, December 18 — According to Jinshi Data, Vincent Chung, multi-portfolio manager at T. Rowe Price, said the Bank of Japan could raise interest rates more aggressively than market expectations. Japan's economic performance has been slightly better than broadly expected, although some slowdown is evident. Importantly, inflation remains persistent and we continue to see wage growth pressure. Recently, markets have shifted their expectation for the Bank of Japan's next rate hike from January to this month, with current pricing implying only one rate increase expected by 2026. T. Rowe Price believes there could be two rate hikes next year.
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