JPMorgan Asset Management: Bank of Japan expected to avoid another rate hike in the short term

Morgan Asset Management stated that the Bank of Japan will avoid raising interest rates again in the short term, and further tightening of policies may depend on the direction of the US economy. "The Bank of Japan actually has a path to take action again, but that is a path for the Federal Reserve to cut interest rates and try to stabilize the US economy," said Seamus Mac Gorain, global head of interest rates at the company. "Of course, if the US falls into recession, the path will be blocked." Mac Gorain believes that further tightening of monetary policy may be delayed until 2025. He said in an interview that the Bank of Japan may raise interest rates in a series, but it depends on having a relatively benign global background. "Obviously, the Bank of Japan will not take action until the market stabilizes," Mac Gorain said. "This also depends on whether the US and global economy can avoid a recession."