[Capital Economics: Bank of Japan May Raise Interest Rates as Early as June] Jin10 Data reported on April 24 that Abhijit Surya, Senior Economist for Asia-Pacific at Capital Economics, stated that the Bank of Japan may raise interest rates as early as June. The institution believes that although the Bank of Japan is likely to keep rates unchanged at next week's meeting, the board may signal a hawkish stance by raising overall inflation and core inflation forecasts. Additionally, the Bank of Japan may once again emphasize the risks associated with rising inflation expectations, 'especially as some corporate inflation expectation indicators in the Tankan survey have already started to exceed the central bank's 2% target level.'