JPMorgan Asset Management: Bank of Japan expected to avoid another rate hike in the short term

Morgan Asset Management said the Bank of Japan will avoid raising interest rates again in the short term, and further tightening may depend on the direction of the US economy. "The Bank of Japan actually has a path to act again, but that is a path where the Fed cuts interest rates and tries to stabilize the US economy," said Seamus Mac Gorain, the company's global head of interest rates. "Of course, if the United States goes into recession, the road is blocked." Mac Gorain believes that further tightening of monetary policy may not be until 2025. In an interview, he said that the Bank of Japan may make a series of rate hikes, but it depends on having a fairly benign global background. "Obviously, the Bank of Japan will not act until the market stabilizes," Mac Gorain said. "It certainly depends on whether the US and global economy can avoid recession." (Jinshi)