[Daiwa Securities: Lower Likelihood of April Rate Hike by Bank of Japan, Geopolitical Risks Cast Shadow on Outlook] Jin10 Data, April 16 – Economists at Daiwa Securities stated that due to uncertainties in geopolitical situations, market expectations for an immediate rate hike by the Bank of Japan have decreased. This will make it easier for the Bank of Japan to justify its decision to maintain unchanged interest rates. Currently, the overnight index swap market estimates the probability of a rate hike by the Bank of Japan in April at 26%, compared to approximately 60% last week. To some extent, Japan's economy has withstood the adverse effects of deteriorating trade conditions. The current monetary policy is at a stage that requires comprehensive consideration, careful examination of potential inflation trends, and the impact of external shocks.