TechFlow news, July 02, Nomura Research Institute economist Takahide Kiuchi stated that if Japanese Prime Minister Sanae Takaichi uses her "Basic Policy" economic blueprint (expected to be approved by the cabinet this month) to prevent further interest rate hikes, this may delay the timing of the Bank of Japan's next move. He said, "Even if the government opposes, the Bank of Japan will raise interest rates when deemed necessary, but may respect the government's wishes regarding the timing of rate hikes to some extent." He added, "Government pressure opposing Bank of Japan rate hikes could further weaken the yen exchange rate and lead to lower bond prices, which will undermine the stability of the country's economy and financial markets." (Jin10)
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