[Institution: Bank of Japan Should Implement Preventive Rate Hikes to Anchor Inflation Expectations] Jin10 Data, April 27 – Analysts at Daiwa Institute of Research stated that the Bank of Japan's early rate hikes are crucial for anchoring inflation expectations and maintaining a gradual path toward the terminal rate. They said: 'Preventive rate hikes can preserve the policy space needed for monetary stimulus in the event of a deep economic recession.' They added: 'Although current geopolitical uncertainties weigh on the outlook, delaying rate hikes could have severe economic impacts through a combination of rising inflation and further depreciation of the yen.' The market generally expects the Bank of Japan to keep the interest rate unchanged at 0.75% on Tuesday.