Prologis: With the appreciation of the yen and uncertain economic prospects, the Bank of Japan is expected to maintain interest rates unchanged

Prologis expects the Bank of Japan to maintain interest rates at this week's meeting due to the appreciation of the yen and uncertain economic outlook. The market is concerned that potential tariff measures could impact economic growth, leading the central bank to delay interest rate hikes. Although the yield curve has steepened and short-term bonds have performed well, there has not yet been strong buying in the market. Investors need to pay attention to trade agreements that may reduce risk premiums and changes in the USD/JPY exchange rate. In the medium term, developments in U.S. policy will be an important factor influencing the yen