Maruyama Yoshimasa: Bank of Japan's September opinion summary does not release continuous interest rate hike signal

Mitsui Sumitomo Nikko Securities economist Yoshimasa Maruyama stated that the summary of opinions from the September meeting of the Bank of Japan did not provide enough hawkish views to support continuous interest rate hikes. Regarding the determinants of the financial environment, some opinions emphasize corporate behavior and asset prices, and the Bank of Japan does not need to overly rely on benchmark interest rates when deciding whether to raise interest rates. The overnight index swap market takes into account a 20% probability of the Bank of Japan raising interest rates in October and an 82% probability of a rate hike in December. (Source: Jin Shi)