UBS: Interest rate hike? The Bank of Japan is not in a hurry, let's wait until April next year to discuss it.

Based on the given information, this falls under macroeconomic-related information. It is expected that the Bank of Japan will not change any policies this week, as it is still too early to determine a positive feedback loop between wages and prices. UBS predicts that the Bank of Japan will raise the policy interest rate by 10 basis points in April next year, ending the negative interest rate policy, and raise it again by 25 basis points in July. At the same time, forward guidance may be abolished or modified, and YCC also needs further adjustment. If wage growth in the first quarter is disappointing and consumption remains weak, the Bank of Japan may also choose to maintain the status quo.