The Bank of Japan cannot raise interest rates by the end of the year, until next March at the earliest due to sudden changes in the market - former committee member Sakurai

2024/8/12 6:00 JST (some excerpts)
Market stabilization is extremely important in the current situation, and Vice President Uchida's statement was appropriate
Governor Ueda didn't explain enough about maintaining mitigation, and complained about politicians' interest rate hike statements
Mr. Makoto Sakurai, a former Bank of Japan deliberation committee member, expressed the view that the Bank of Japan decided to raise additional interest rates at the monetary policy meeting on July 31, and based on the fact that financial markets have stabilized thereafter, it will be difficult to raise interest rates again by the end of the year, and it will be until next March at the earliest.