On October 28, Jin10 reported that Edgar Walk, an analyst at Metzler Asset Management, stated in a report that, at least based on the comments of the newly appointed Prime Minister, Sanna Marin, the Bank of Japan may face political pressure and can only make a slight and gradual increase in the Benchmark Interest Rate. This chief economist indicated that, based on the development of the labor market and the Inflation situation, the Bank of Japan should actually raise the key interest rate at the upcoming meeting. He said, “However, it seems that the Bank of Japan is likely to postpone raising the key interest rate from 0.50% to 0.75% until December.” He noted that this means the ultra-loose monetary policy will remain unchanged for the time being.
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