Bank Of Japan Governor Signals Potential Rate Hike Amid Rising Inflation

According to Odaily, Bank of Japan Governor Kazuo Ueda stated that if trend inflation rises as predicted, it would be appropriate to raise interest rates. Ueda emphasized that if the economic and price trends align with the forecasts in their quarterly outlook report, the Bank of Japan will proceed with a rate hike. He highlighted the necessity for the Bank of Japan to implement monetary policy in a timely and appropriate manner, without adhering to a fixed schedule, while considering various uncertainties.