BOJ Q1 Output Gap Stays Positive, Supports Further Rate Hikes, Says SMBC Economist

According to SMBC Nikko Securities economist Maruyama Yoshimasa, Japan's central bank's first-quarter output gap estimates show a stable positive trend, which supports higher inflation and provides grounds for further rate hikes. However, he noted that the positive output gap has not expanded, indicating no urgent need to accelerate monetary tightening at this time.
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