JPMorgan Asset Management said the Bank of Japan would avoid raising interest rates again in the short term, and further tightening could depend on the direction of the US economy. "The BoJ actually has a path to move again, but that's a path for the Fed to cut rates and try to stabilise the US economy," said Seamus Mac Gorain, head of global rates at the firm. "Of course, if the US goes into a recession, the road is blocked." JPMorgan Asset Management is betting that the spread between Japanese...
JPMorgan Asset Management said the Bank of Japan would avoid raising interest rates again in the short term, and further tightening could depend on the direction of the US economy. "The BoJ actually has a path to move again, but that's a path for the Fed to cut rates and try to stabilise the US economy," said Seamus Mac Gorain, head of global rates at JPMorgan Asset Management. "Of course, if the US goes into a recession, the road is blocked." Mac Gorain believes that further tightening of monet...