TechFlow News, May 15: Nomura Securities believes the Bank of Japan (BOJ) is inclined to raise interest rates in June, partly to counter potential upside inflation risks stemming from further yen depreciation. However, several economists surveyed by Reuters recently argue that the BOJ may opt to hold rates steady and wait for greater clarity on the Middle East situation before acting—since the conflict’s negative impact on Japan’s economy could prove far larger than currently anticipated. The situation is extremely delicate and requires careful balancing—but the BOJ has only itself to blame. Over the past year, it had numerous opportunities to hike rates but failed to seize any of them. Now, with the U.S.-Iran war continuing to escalate and showing no signs of resolution, the BOJ finds itself in an exceedingly difficult position. (Jinshi)
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