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المشهد العربي
Bank of Japan Deputy Highlights Rate Hike for Inflation
The Deputy Governor of the Bank of Japan, Ryozo Himino, emphasized the importance of raising interest rates early and gradually to combat rising inflation, while avoiding any hints of a decision at the September meeting. He pointed out that inflationary pressures are increasing due to higher fuel prices resulting from conflicts in the Middle East, growing demand for artificial intelligence technologies, and a decline in the yen's value. He clarified that the bank is considering the possibility of inflation surpassing the 2% target, following the interest rate hike to 1% in June, and has kept the door open for policy adjustments to address inflation risks.
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