TechFlow news: On January 20, according to Jinshi Data, the Bank of Japan is expected to upgrade its economic growth forecast on Friday and signal its readiness for further rate hikes. Recent yen depreciation and favorable wage growth prospects have kept policymakers vigilant in their efforts to contain inflationary pressures. However, Bank of Japan Governor Kazuo Ueda is unlikely to specify a concrete timeline for restarting rate hikes. This decision is complicated by rising bond yields and the upcoming general election scheduled for February. Although the Bank of Japan raised interest rates to 0.75% in December—the highest level in 30 years—it is expected to hold rates steady this Friday.
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