Japan's Economy Minister: Economic outlook must be closely monitored after Bank of Japan rate hike

According to Odaily, Odaily Star Daily, Japan's Minister of Economic and Fiscal Policy, Shigeyuki Goto, stated on Friday that he respects the Bank of Japan's decision to raise interest rates to 0.75%, but emphasized the need to closely monitor the economic outlook. He said: "When formulating economic and fiscal policies, we believe it is necessary to pay close attention to several factors, such as the impact of U.S. trade policy, the effect of persistent price increases on private consumption, and fluctuations in financial and capital markets." Goto noted that it is important to continue implementing appropriate monetary policies to achieve robust economic growth and stable inflation. (Golden Ten Data)