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The Bank of Japan (BOJ) won’t hike its benchmark interest rate again this year following the economic turmoil caused by the last sudden hike, according to a former board member of Japan’s central bank. “They won’t be able to hike again, at least for the rest of the year,” former BOJ board member Makoto Sakurai told Bloomberg in an Aug. 12 report. “It’s a toss up whether they can do one hike by next March.” The equities and crypto markets saw a sharp sell-off in early August after the BOJ suddenly raised its benchmark rate, raising it to 0.25%. The hike unsettled the Yen Carry Trade — where inv…

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