Deep Tide TechFlow News: On March 19, Wilcocks, head of wholesale business at Nomura Holdings, stated that despite the shadow cast by the Iran war on economic prospects, the Bank of Japan is still expected to raise rates next month. He believes that Middle East conflicts make an April rate hike more likely. Japan has already embarked on the path of monetary policy normalization in any case, so we have consistently expected rate hikes this year. Given the uncertainty in the Middle East situation, Wilcocks is less certain whether the Bank of Japan will continue to raise rates after April. One factor Japanese policymakers need to consider is the impact of yen depreciation on inflation. (Jinshi)