[Institution: Bank of Japan Expected to Raise Interest Rate to 1% at June Meeting] Jin10 Data, April 23 – MFS Investment Management analyst Carl Ang stated that the Bank of Japan is expected to raise its policy rate from the current 0.75% to 1% in June, and subsequently increase the rate every six months until reaching a terminal rate of 1.75%. Ang noted that the Bank of Japan's new consumer inflation indicator shows underlying price growth is only slightly below the bank's 2% target, which could serve as a basis for further rate hikes. The analyst also pointed out that the recent output gap has been revised from negative to positive, indicating that Japan's economic activity level has exceeded its potential level.