Market Analysis: Bank of Japan to Focus More on the Impact of Rising Oil Prices on the Overall Economy

```htmlGolden Ten Data March 25 – Nobuyasu Atago, an analyst at Rakuten Securities Economic Research Institute, stated that although the Federal Reserve must continue to pay attention to the inflation risks arising from rising energy prices, the Bank of Japan should focus more on the downside risk to the overall economy brought by increases in oil prices. "As a major crude oil importer, Japan faces deteriorating trade conditions when oil prices surge," Atago said. This leads to a decrease in actual purchasing power, which in turn puts downward pressure on the economy. Atago noted that ultimately, whether the Bank of Japan raises interest rates in April depends on the exchange rate and energy prices.```