TechFlow News, March 11: Vincent Chung, Portfolio Manager at T. Rowe Price, stated in a report that the Bank of Japan (BOJ) may hold interest rates steady in March as it needs time to reassess the current geopolitical situation. He believes the BOJ could take monetary policy action in April, when wage negotiation data becomes available. He noted that recent oil price increases and other factors have intensified inflation risks, and persistently high oil prices could become a long-term drag on the central bank’s decision to hold policy steady.
Chung also pointed out that markets may be concerned about potential yen intervention, though the yen’s recent depreciation has been consistent with that of other major currencies. He added that if the BOJ sends dovish signals at its March meeting, it could exert further downward pressure on the yen. (Jinshi)
