Institution: Bank of Japan Likely to Keep Interest Rates Unchanged in March

DeepFlowTech · 2026-03-11T08:07:25+00:00

T. Rowe Price investment manager Vincent Chung stated that the Bank of Japan may keep interest rates unchanged in March and make a decision in April based on wage data. Rising oil prices increase inflation risks and could influence central bank policies. The market is concerned about yen interventions, with depreciation aligning with other currencies, and dovish signals will intensify pressure on the yen.

DeepFlowTech

2026-03-11 08:07:25

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Deep Tide TechFlow News, March 11 — T. Rowe Price Portfolio Manager Vincent Chung stated in a report that due to the need to reassess the current geopolitical situation, the Bank of Japan may keep interest rates unchanged in March. He believes the bank might take monetary policy action in April, as wage negotiation data will be available by then. He noted that recent factors such as rising oil prices have increased inflation risks, and sustained high oil prices could be a long-term drag on the central bank’s policy stance.

Chung also pointed out that the market may be concerned about potential yen intervention, but recent yen depreciation has been consistent with other foreign exchange peers. He added that if the Bank of Japan signals a dovish stance at the March meeting, it could further pressure the yen. (Jin10)

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