The US-Iran conflict erupts, and the Bank of Japan hints that there will be no rate hike in March

2026-03-02 05:34:45

On March 2nd, Ryozo Himino, Deputy Governor of the Bank of Japan, did not send any clear signals about a rate hike in the near future during his latest speech on Monday. Influenced by the outbreak of conflict in the Middle East over the weekend, this further reinforced the existing market expectations that the Bank of Japan policymakers will hold steady at this month’s monetary policy meeting. After the U.S. launched an attack on Iran, the global economic outlook has become even more uncertain. Himino’s comments suggest that the possibility of a rate hike at the Bank of Japan’s policy meeting on March 19th is now very slim. (Jin10)

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