Institutions: Yen Depreciation Likely to Prompt Verbal Intervention, Bank of Japan Keeps Door Open for Rate Hikes

Odaily News Analysts at Mitsubishi UFJ Morgan Stanley Securities stated that the Bank of Japan's policy statement reflects its inherent need to address excessive yen depreciation through verbal intervention. In a statement released alongside the interest rate decision, the central bank expressed concern over rising oil prices and pledged to closely monitor the possibility that increasing energy costs could accelerate inflation. Analysts noted that, from the perspective of curbing further yen depreciation, the Bank of Japan likely intends to maintain a stance that keeps the door open for continued interest rate hikes. (Jin10)