Institution: Bank of Japan is expected to keep interest rates unchanged in March

T. Rowe Price portfolio manager Vincent Chung stated in a report that the Bank of Japan may keep interest rates unchanged in March due to the need for time to reassess the current geopolitical situation. He believes that the bank may 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 intensified inflation risks, and persistently high oil prices could become a long-term drag on the central bank's policy inaction.

Chung also pointed out that the market may be concerned about potential yen intervention, but the recent depreciation of the yen is in line with other foreign exchange peers. He added that if the Bank of Japan signals a dovish stance at the March meeting, it could put further pressure on the yen.