Shigeta Kazuo throws out the theory of "The Fifth Oil Price Shock": Inflation is not a temporary risk, and the market has priced in a 75% probability of the Bank of Japan raising interest rates in June.

The Zhitong Financial APP learned that the Governor of the Bank of Japan, Haruhiko Kuroda, stated that it is necessary to remain vigilant about the impact of soaring oil prices on the trend of core inflation, but did not give a clear indication of how this dynamic might affect the outcome of next month's policy meeting.