BOJ March Meeting 'Summary of Opinions': Board Members Push for Rate Hikes Despite Iran Oil Crisis
The BOJ released its 'Summary of Opinions' from the March meeting on March 30. Despite surging oil prices from the Iran crisis, multiple board members called for continued rate hikes. We analyze the path from the current 0.75% rate, accelerated hiking scenarios, comparisons with the Fed and ECB, and yen carry trade risks.