Institution: It is expected that Shita Kazuo will send a further signal of interest rate hike.

The January 24th data from Jinshi, the financial website Forexlive, is expected to signal further interest rate hikes by Governor of the Japanese Central Bank, Haruhiko Kuroda, who may be more hawkish than before. The main reason for the interest rate hike by the Japanese Central Bank today is due to two factors, which it has already openly outlined: signs of sustained pump in wages, and the absence of market turmoil after Trump’s inauguration and signing of executive orders. The Japanese Central Bank is also following the weakness of the yen, hoping to avoid further softening of the yen. If the Federal Reserve continues to postpone interest rate cuts, the Japanese Central Bank may not be able to achieve its wishes.