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Story summary
- The Bank of Japan is expected to raise its rate to 1.00% by the end of June amid inflation concerns linked to the Iran war.
- The International Monetary Fund (IMF) backs this gradual tightening, projecting inflation will converge to the BOJ's 2% target by 2027 despite temporary spikes from rising oil prices.
- The Bank of Japan should remain cautious due to economic uncertainty, with forecasts for 2026 growth at 0.7%.
