Bank of Japan expected to keep interest rates unchanged amid surging oil prices

14 articles · Updated · Bloomberg · Apr 27

Governor Kazuo Ueda faces a communication challenge as the yen nears intervention levels and markets price only a 7% chance of a rate hike.
Expectations for a rate increase have faded following oil price spikes driven by US President Trump’s war on Iran, with many economists now anticipating a possible hike in June instead.
Recent inflation data showed core-core CPI at 2.4%, above target, but geopolitical uncertainty and supply shocks have prompted the Bank of Japan to adopt a cautious, wait-and-see approach.

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