TechFlow News, March 19: Wilcox, Head of Wholesale Business at Nomura Holdings, stated that although the impact of the Iran war casts a shadow over the economic outlook, the Bank of Japan is still expected to raise interest rates next month. He believes the Middle East conflict makes a rate hike in April more likely. Japan is already on the path toward monetary policy normalization, so we have consistently anticipated a rate hike this year. Given the uncertainty surrounding the Middle East situation, Wilcox is less certain whether the Bank of Japan will continue raising rates after April. One factor Japanese policymakers need to consider is the impact of yen depreciation on inflation. (Jinshi)
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