Bank of Japan Considers Future Interest Rate Hikes
Bank of Japan Considers Future Interest Rate Hikes
Bank of Japan Considers Future Interest Rate Hikes
News summary

Bank of Japan Deputy Governor Ryozo Himino stated that the central bank may raise interest rates if it gains greater confidence in its economic and price forecasts. He emphasized that decisions will depend on a comprehensive assessment of incoming data and evolving economic conditions, rather than a predetermined path. This comes after the BOJ ended negative interest rates in March and raised short-term borrowing costs to 0.25%. Himino noted that data on wage increases, exchange rates, and their impact on inflation will be critical in upcoming evaluations. Additionally, he highlighted the significance of monitoring global economic indicators, particularly from the U.S. and China. The BOJ's future monetary policy will adapt based on real-time economic developments and the overall risk landscape.

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