Higher-than-expected economic growth may continue to push the Bank of Japan to raise interest rates further.

Due to the long-term loose monetary policy, the Bank of Japan appears particularly cautious in controlling the scale of debt reduction.

The next interest rate meeting of the Bank of Japan will be held in June, and the market believes that the central bank is likely to raise interest rates three more times this year, and there is still a possibility of raising interest rates in June.

Bank of Japan Governor Kazuo Ueda hinted that the Japanese economy is recovering moderately, with a policy meeting scheduled for next week。Many are speculating that negative interest rates are coming to an end.。

For now, economists and investors have widely expected the Bank of Japan to lift its negative interest rate policy in March or April, with the debate focusing on whether the Bank of Japan's exit will be in March or April.。

According to media reports, the latest report of the International Monetary Fund (IMF) predicts that Japan's nominal gross domestic product (GDP) in dollar terms will be overtaken by Germany in 2023, slipping from third in the world to fourth in the world.。At the same time, the IMF expects India to become the world's fourth largest economy by 2026 and Japan to fall to fifth in the world between 2026 and 2028.。The economic outlook released by the IMF shows that Japan's nominal GDP in 2023 is about 4.$23 trillion, down 0% from 2022.2%。Germany's nominal GDP to grow by 8 in 2023.4%, about 4.$43 trillion。In terms of GDP per capita, Germany will also be higher than Japan。German GDP per capita is expected to be 5.280,000 U.S. dollars, while Japan's per capita GDP is about 3.$400,000。Japanese experts say the depreciation of the yen is a major reason why Japan's nominal GDP has been surpassed by Germany this year.。

Recently, Japan's Cabinet Office released April to June Japan's gross domestic product (GDP) quick report value shows that the real seasonally adjusted value excluding the impact of price changes increased by 1.5%, which translates to growth at an annual rate of 6.0%, significantly higher than market expectations。Previously, it was widely expected that Japan's GDP grew at an annual rate of 2.9% ~ 3.Hovering between 1%。More than 80% of major Japanese companies are optimistic about the economy, supported by a recovery in personal consumption after the lifting of epidemic restrictions, and expect the Japanese economy to expand in 2024, according to a recent Japanese media survey。

On August 17, Japan's Ministry of Finance reported that exports fell by 0% year-on-year in July..3%, the first decline since February 2021 and slightly above the forecast decline of 0.2%。