BOJ Governor: Will Continue Raising Rates if Underlying Inflation Accelerates
According to ChainCatcher, as reported by Jinshi, Bank of Japan Governor Kazuo Ueda said on Tuesday that if the central bank becomes more confident that underlying inflation will reach the 2% target, it will continue to raise interest rates.
Ueda told the parliament that the Bank of Japan is keeping real interest rates in negative territory to ensure that the underlying inflation rate remains below the 2% target. "Once we become more confident that the underlying inflation rate will approach or hover around 2%, we will continue to raise rates to adjust the degree of monetary support," Ueda said.
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