Bank of Japan (BoJ) Governor Kazuo Ueda stated on Wednesday that the institution will keep lifting its interest rates if the economic outlook determines it is needed.
Speaking at a press conference, Ueda added the bank will adjust its plans on bonds if necessary. Commenting further on the rates, Ueda said that the real ones are "likely to remain significantly negative" and recognized still existing inflationary risks. He also warned that the moves in the foreign exchange market are more likely to impact inflation now than before.
Additionally, Ueda noted that Japan's economy is "recovering moderately" and predicted a rise in both wages and prices. He also insisted that the output's growth will not slow down because of new rises in the rates, which he could not tell when they would be.
