Makoto Sakurai is a former Bank of Japan monetary board member.
- says the Bank of Japan will not be able to hike again in 2024
- predicts a rate hike by March 2025
Sakurai cites:
- market turmoil
- the low likelihood of a rapid economic recovery
If he is right it’ll be a positive for calming markets and the Nikkei.
ps. Today is a market holiday in Japan – closed on Monday, August 12, 2024
This article was written by Eamonn Sheridan at www.forexlive.com. Source