[Institution: Bank of Japan's April Rate Hike Still Anticipated] Jin10 Data reported on March 17 that Mitsubishi UFJ Morgan Stanley Securities stated in a report that despite tensions in the Middle East, the Bank of Japan may still raise interest rates at its April meeting. Analysts from the institution noted that during periods of inflation, central bank policies must shift focus from supporting short-term economic sentiment to anchoring inflation expectations to ensure medium- to long-term economic stability. Since geopolitical risks have become the new normal, stabilizing the yen exchange rate is becoming increasingly important for Japan, which heavily relies on raw material imports.