Japanese PM Takaichi's advisor Honda suggests the BoJ may consider raising interest rates later this year, but noted the unlikelihood of a hike in March

Japanese PM Takaichi's advisor Honda suggests the BoJ may consider raising interest rates later this year, but noted the unlikelihood of a hike in March.

This commentary from PM Takaichi's advisor hints at a potential shift in the Bank of Japan's monetary policy, suggesting that rate hikes may be on the table later this year. However, the indication that a March increase is unlikely suggests a continued accommodative stance in the near term, which could keep JPY under pressure and influence the outlook for fixed income and commodities, particularly gold.