T. Rowe Price portfolio manager Vincent Chung said the Bank of Japan (BoJ) is expected to hold rates on Friday but may signal a faster tightening pace than the previously implied roughly one hike every six months. He said markets view BoJ policy as lagging; if the BoJ accelerates normalization he expects possibly two more hikes this year, and that durable, meaningful yen appreciation would likely need faster BoJ tightening, lower energy prices and more coordinated FX intervention.