Think twice before betting the Bank of Japan will cut interest rates. Speculation the central bank will act has been growing in recent weeks, with the main argument being policy makers will follow any Federal Reserve rate cut to prevent the yen from strengthening. The BOJ will lower short-term rates as soon as September, JPMorgan Chase & Co. said in a new forecast this month. A strong yen is typically one of major catalysts for the BOJ to cut rates. The currency has risen against all its Group-of-10 peers this quarter as investors sought haven assets amid escalating trade and geopolitical tensions. Hedge funds are ... (full story)