Bank of Japan Governor: Will Continue to Raise Interest Rates as Underlying Inflation Approaches 2%

Odaily News: Bank of Japan Governor Kazuo Ueda stated that as the underlying inflation rate gradually approaches the 2% target and the current financial conditions remain accommodative, the Bank of Japan will continue to raise interest rates and gradually adjust its monetary easing policy.

Ueda pointed out that maintaining the stability of the 2% inflation target is becoming increasingly important. During this week's meeting, no views deviating from the Bank of Japan's basic assessment have been heard.

In addition, the Bank of Japan will continue to monitor the impact of a weakening yen, artificial intelligence development, and the situation in the Middle East on price trends. (Jinshi)