[MUFG: No Sufficient Reason for the Bank of Japan to Rush Another Rate Hike This Week] Jin10 News, January 22 – The Bank of Japan is expected to keep interest rates unchanged at the two-day policy committee meeting starting Thursday, despite continued instability in Japanese government bond prices and the persistent weakening of the yen. MUFG Chief Economist Shinichiro Kobayashi stated: 'The effects of changes in monetary policy take time to materialize. I believe there is no sufficient reason to rush another rate hike at this meeting. Efforts to curb yen depreciation through rate hikes may fuel the upward trend in long-term interest rates, which is currently developing at a fairly rapid pace. The Bank of Japan may be forced to raise rates to curb the yen's depreciation trend, but there is no guarantee that such measures will be effective.'