Bank of Japan branch manager report: Economic uncertainty remains, adopting a wait-and-see attitude towards further interest rate hikes

The report from the Bank of Japan's branch manager indicates that economic uncertainty still exists, and the central bank is taking a wait-and-see approach when considering further interest rate hikes. The report does not explicitly mention the impact of Trump's tariffs, and it is expected that the benchmark interest rate will remain at 0.5% in the policy decision on July 31. Although the economic performance is acceptable, policymakers want to confirm the specific effects of the tariffs. The report shows a general economic recovery across nine major regions, with wage levels rising broadly, supporting sustainable inflation targets