Former BOJ board member Sakurai says Bank of Japan will not be able to hike again in 2024

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