Tomorrow is the first anniversary of Bank of Japan Governor Kazuo Ueda's appointment, according to Jinshi. Market participants praised him for ending 11 years of massive monetary easing, and the next move, including further interest rate hikes, will be the focus of market attention. NLI Research Institute analyst Tsuyoshi Ueno said: He successfully ended the massive easing policy while not missing the opportunity to significantly increase wages in the spring labor-management wage negotiations. Masahiro Ichikawa of Sumitomo Mitsui DS Asset Management said: "It is commendable that there was no market confusion in the process and the policy changes were smooth. He is a scholar and his explanations often sound reasonable and easy to understand." As the Japanese government will cut personal income tax in June, some market participants believe that the Bank of Japan may raise interest rates again as early as this summer.