Svmuu News Macquarie analysts stated that, given the uncertainties related to the Middle East conflict and energy prices, the timing of the Bank of Japan's next move is more unclear than ever. This week, the central bank chose to keep interest rates unchanged while leaving the door open for further policy tightening in the coming months. Governor Kazuo Ueda pointed out the risk that rising crude oil prices could worsen terms of trade, drag on the economy, and push up inflation expectations. The Macquarie team expects the Bank of Japan to remain patient during this period of uncertainty, anticipating that the next rate hike could occur in July. Nonetheless, risks lean towards earlier action, especially if the yen continues to depreciate. (Jin10)