Former Bank of Japan Exec Director says Bank of Japan unlikely to raise rates this month

Hideo Hayakawa is a former Bank of Japan Executive Director and now a Senior Fellow at the Tokyo Foundation for Policy Research.

He spoke in an interview with Bloomberg, saying “I don’t think there’s a chance of a rate hike in July”:

• The Bank of Japan is unlikely to raise interest rates this month
• Will instead cut its bond buying a little more than expected to avoid any fueling of yen weakness

Bloomberg is gated.

This article was written by Eamonn Sheridan at www.forexlive.com. Source