Japanese Economy Minister: The Bank of Japan needs to closely monitor the economic outlook after raising interest rates.

Odaily Planet Daily reports that Japanese Economy and Fiscal Policy Minister Minoru Jonouchi stated on Friday that he respects the Bank of Japan's decision to raise interest rates to 0.75%, but it is necessary to closely monitor the economic outlook. He stated, "In formulating economic and fiscal policies, we believe it is necessary to pay close attention to several factors, such as the impact of US trade policy, the impact of continued price increases on private consumption, and volatility in financial and capital markets." Jonouchi emphasized the importance of continuing to implement appropriate monetary policy to achieve strong economic growth and stable inflation. (Jinshi)