0516 GMT - With a high degree of uncertainty surrounding U.S. trade policy likely to persist through early July, the Bank of Japan is expected to hold interest rates steady at its next meeting on April 30 and May 1, Morgan Stanley MUFG Securities economists say. "The BOJ will need to assess the negative impact of the 25% autos tariff on SME [small and medium enterprise} wage negotiations taking place over April-June," they say in a research note. The economists see the next rate increase as most likely in September, with some probability of a rate rise in July, depending on forex moves and the upper house election results. They expect the BOJ to pause monetary tightening after raising the policy rate to 0.75% from the current 0.5%. (megumi.fujikawa@wsj.com)
(END) Dow Jones Newswires
April 10, 2025 01:16 ET (05:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.