0701 GMT - The U.S. tariffs are likely to prompt the Bank of Japan to adopt a wait-and-see stance, dependent on data and market developments for the time being, JPMorgan's Ayako Fujita says in a research note. "We think the U.S. tariff announcement and the subsequent market reaction have ruled out the possibility of a rate hike at the (April 30-May 1) meeting and reduced the likelihood of a rate hike even in the coming months," the chief Japan economist says. However, if the global economy doesn't enter a severe recession, the BOJ will probably at least keep its commitment to normalize policy toward the lower bound of the neutral rate, at 1%, the economist adds. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 07, 2025 03:01 ET (07:01 GMT)

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