--- title: "Japan's Former BOJ Economist: Iran Conflict Raises Inflation Risks, Rate Hike Possible" type: "News" locale: "en" url: "https://longbridge.com/en/news/281449601.md" description: "Former BOJ chief economist Toshitaka Sekine warns that the ongoing conflict in Iran is heightening inflation risks, suggesting the BOJ may consider a rate hike as early as this month. He believes that by the end of April, the impact of the Middle East situation will be clearer. Sekine's insights indicate that the BOJ is increasingly confident about the need for a rate hike, as reflected in the minutes from the March policy meeting, which show rising concerns about inflation among committee members." datetime: "2026-04-02T01:45:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281449601.md) - [en](https://longbridge.com/en/news/281449601.md) - [zh-HK](https://longbridge.com/zh-HK/news/281449601.md) --- # Japan's Former BOJ Economist: Iran Conflict Raises Inflation Risks, Rate Hike Possible According to Jin10, former Bank of Japan (BOJ) chief economist Toshitaka Sekine has indicated that the ongoing conflict in Iran is escalating inflation risks, providing a strong rationale for the BOJ to consider a rate hike as early as this month. In an interview on Wednesday, Sekine stated, "If the intention is to assess the situation, I believe action in April is feasible. By the end of April, we should at least know whether the impact of the Middle East situation is merely temporary." While experts continue to debate whether the geopolitical shock will lead to inflation or deflation for resource-scarce Japan, Sekine's comments suggest that the BOJ may have increased confidence in the necessity of a rate hike when setting policy on April 28. Having served at the BOJ for over 30 years, Sekine speculates that central bank officials may align with his view, as the minutes from the March policy meeting clearly show growing concern among committee members about inflation risks. ### Related Stocks - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [GOEX.US](https://longbridge.com/en/quote/GOEX.US.md) - [JDST.US](https://longbridge.com/en/quote/JDST.US.md) - [PICK.US](https://longbridge.com/en/quote/PICK.US.md) - [513880.CN](https://longbridge.com/en/quote/513880.CN.md) - [600489.CN](https://longbridge.com/en/quote/600489.CN.md) - [GDX.US](https://longbridge.com/en/quote/GDX.US.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [GDXU.US](https://longbridge.com/en/quote/GDXU.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [513520.CN](https://longbridge.com/en/quote/513520.CN.md) - [KGC.US](https://longbridge.com/en/quote/KGC.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [NEM.US](https://longbridge.com/en/quote/NEM.US.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [XME.US](https://longbridge.com/en/quote/XME.US.md) - [DUST.US](https://longbridge.com/en/quote/DUST.US.md) - [2899.JP](https://longbridge.com/en/quote/2899.JP.md) - [GOLD.US](https://longbridge.com/en/quote/GOLD.US.md) - [JNUG.US](https://longbridge.com/en/quote/JNUG.US.md) - [09824.HK](https://longbridge.com/en/quote/09824.HK.md) - [SGDM.US](https://longbridge.com/en/quote/SGDM.US.md) - [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md) - [159876.CN](https://longbridge.com/en/quote/159876.CN.md) - [02824.HK](https://longbridge.com/en/quote/02824.HK.md) - [601899.CN](https://longbridge.com/en/quote/601899.CN.md) - [600547.CN](https://longbridge.com/en/quote/600547.CN.md) - [512400.CN](https://longbridge.com/en/quote/512400.CN.md) - [RING.US](https://longbridge.com/en/quote/RING.US.md) - [561330.CN](https://longbridge.com/en/quote/561330.CN.md) - [GDXY.US](https://longbridge.com/en/quote/GDXY.US.md) - [GOAU.US](https://longbridge.com/en/quote/GOAU.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [03153.HK](https://longbridge.com/en/quote/03153.HK.md) - [GDXW.US](https://longbridge.com/en/quote/GDXW.US.md) - [NUGT.US](https://longbridge.com/en/quote/NUGT.US.md) - [SIL.US](https://longbridge.com/en/quote/SIL.US.md) - [AEM.US](https://longbridge.com/en/quote/AEM.US.md) - [1787.JP](https://longbridge.com/en/quote/1787.JP.md) - [UUP.US](https://longbridge.com/en/quote/UUP.US.md) - [USDU.US](https://longbridge.com/en/quote/USDU.US.md) - [SGDJ.US](https://longbridge.com/en/quote/SGDJ.US.md) - [82824.HK](https://longbridge.com/en/quote/82824.HK.md) - [159562.CN](https://longbridge.com/en/quote/159562.CN.md) ## Related News & Research - [PRECIOUS-Gold edges higher from over 1-1/2-month low but higher yields cap gains](https://longbridge.com/en/news/286745980.md) - [PRECIOUS-Gold slips to 1-1/2-month low as Middle East tensions lift oil, cloud rate outlook](https://longbridge.com/en/news/286695654.md) - [PRECIOUS-Gold falls, hovers near 1-1/2-month low on increased rate hike bets](https://longbridge.com/en/news/286888115.md) - [Indonesia central bank delivers hefty interest rate rise as it looks to stem battered rupiah's fall](https://longbridge.com/en/news/287025507.md) - [PRECIOUS-Gold falls with MidEast war in focus after Trump pauses strike](https://longbridge.com/en/news/286878933.md)