As the global economy continues to navigate the challenges of inflation and fiscal policy, former Bank of Japan (BoJ) member, Kiyotaka Sakurai, has shared his insights on the possibility of a rate hike in April to support the yen. According to Sakurai, the central bank could take action as early as April to address the weakening of the Japanese currency, which he believes is a result of Takaichi’s approach to fiscal policy.

Sakurai’s comments come at a time when the BoJ is facing increased scrutiny over its monetary policy decisions. With inflation already taking hold, there are concerns that the central bank’s large fiscal stimulus package could exacerbate the issue and lead to further weakening of the yen. Sakurai believes that the BoJ must take action to address these concerns, and a rate hike in April could be a key tool in achieving this goal.

However, Sakurai also acknowledges that the BoJ’s actions are not without risk. A rate hike too soon or too aggressively could lead to a slowdown in economic growth, which could have negative consequences for the entire economy. As such, Sakurai believes that the BoJ must carefully consider its options and weigh the potential risks and benefits of any action it takes.