BoJ's Ueda: Rate hike appropriate if inflation rises as expected - Breaking The News

BoJ's Ueda: Rate hike appropriate if inflation rises as expected

24 September

1 min read

EPA-EFE/JIJI PRESS

Bank of Japan (BoJ) Governor Kazuo Ueda stated on Tuesday that it is appropriate to further hike interest rates if the inflation rate continues to rise in line with the forecast.

The governor further said that future monetary policy decisions must be made "in timely, appropriate fashion" but without a pre-set schedule, adding that the central bank is watching the United States economic outlook "with a strong sense of urgency.

According to the latest report by the Statistics Bureau of Japan, the country's annual inflation landed at 3% in August, jumping from 2.8% reported in July.

boj ueda

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