Gate.io: The prospects of the Central Bank of Japan are highly followed, and the market follows its interest rate hike hints.

On October 25th, Jinshi Data reported that Min Joo Kang, an analyst at Holland International Group, said that although the data showed potential upward pressure on inflation, the Japanese Central Bank may keep the interest rate unchanged next week. The market will follow the quarterly outlook report and the Japanese Central Bank’s assessment of the risks to the US economy and the recent depreciation of the yen. The Japanese Central Bank was criticized for lack of communication when it raised interest rates in July, so this time the bank will make efforts to improve this. The Japanese Central Bank may lower its GDP forecast for the fiscal year 2024 to reflect the decline in production and raise its inflation forecast, but the magnitude will not be too large. Kang said that the timing of the next interest rate hike is highly uncertain. Holland International Group believes that due to inflation and the weakness of the yen, the possibility of an interest rate hike in December is slightly higher than 50%. This largely depends on the development of the US election and the financial market.