Following the recent trade deal between the United States and Japan, the Bank of Japan (BoJ) is considering the possibility of raising interest rates again this year. Sources familiar with the matter indicate that the BoJ views the trade agreement as reducing economic uncertainty, which may prompt the central bank to adopt a less pessimistic outlook on the economic environment. The BoJ is expected to gather sufficient data by the end of 2025 to evaluate the potential for a rate hike. This shift in policy stance comes amid broader global economic considerations, including remarks from European Central Bank (ECB) officials who noted that significant labor market disruptions would be required to prompt immediate action on interest rates. The US-Japan trade deal is seen as a factor that could influence central bank decisions by improving economic clarity.