ChainThink News, March 11: Vincent Chung, Portfolio Manager at T. Rowe Price, stated in a report that the Bank of Japan may hold interest rates steady in March due to the need for time to reassess the current geopolitical landscape.

He believes the central bank may take monetary policy action in April, when wage negotiation data will become available. He noted that recent oil price increases and other factors have heightened inflation risks, and persistently high oil prices could become a long-term drag on the central bank's policy inaction.

Chung also pointed out that markets might be concerned about potential yen intervention, but recent yen depreciation has been consistent with broader foreign exchange trends. He added that if the Bank of Japan signals dovish sentiment during its March meeting, it could impose further downward pressure on the yen. (Jinshi)