Institution: The Bank of Japan is expected to raise interest rates to 1% at the June meeting.

According to Golden Ten Data on April 23, Carl Ang, an analyst at MFS Investment Management, stated that the Bank of Japan is expected to raise its policy interest rate from the current 0.75% to 1% in June, and will continue raising rates every six months thereafter until reaching a terminal rate of 1.75%. Ang said that the Bank of Japan's new consumer inflation indicator shows that underlying price growth is only slightly below the bank's 2% target, and this indicator could be used as a basis for further rate hikes. The analyst also pointed out that the recent output gap has been revised up from negative to positive, meaning that Japan's economic performance is now above its potential level.