JPMorgan Chase: Bank of Japan may continue to raise interest rates

JPMorgan economist Ayako Fujita stated in a report that the Bank of Japan may continue to raise interest rates to alleviate concerns about the weak yen. Bank of Japan Governor Kazuo Ueda said at a press conference last Friday that some committee members expressed concerns about the impact of yen depreciation on future inflation. Many reporters questioned whether the continued depreciation of the yen was due to the Bank of Japan delaying policy adjustments. JPMorgan expects the Bank of Japan to raise interest rates twice next year, in April and October respectively, with the policy rate reaching 1.25% by the end of 2026.