Kazuo Ueda's "hawkish" stance not taking off? Analysts say that Sanae Takaichi's dovish faction has taken control, and the yen carry trade frenzy continues.

According to the Wisdom Finance APP, the decision of the Bank of Japan to maintain the policy interest rate unchanged has further strengthened market expectations for cautious promotion of monetary tightening policies under Prime Minister Hanai Naoe's leadership. This move directly caused the Japanese yen to weaken, while providing support to Japanese government bonds. It was disclosed that only two members of the board of directors supported rate hikes during this monetary policy meeting. Investors generally interpreted this result as a dovish signal and closely monitored the subsequent speeches of Bank of Japan Governor Ueda Kazuo to capture clues on policy trends. Analysts generally believe that due to the Bank of Japan's stable judgment on inflation forecasts and the stable voting results, the possibility of raising interest rates before 2026 is low.