Economy · Planned · 2 sources combinedp. 1 / 1
Japan won't tolerate price rises
Will continue raising interest rates
In short
Japan's central bank governor said he cannot accept further price increases.
Governor Ueda announced he will continue raising the benchmark interest rate going forward.
The Bank of Japan raised its benchmark rate from 1.0% to 1.25% last month.
Key facts
| When | Statement made at a G20 Finance Ministers meeting press conference in Bangkok, Thailand on the 16th (local time). |
|---|---|
| Who | Bank of Japan Governor Kazuo Ueda. |
| What | Said underlying inflation rate is approaching the 2% target and cannot be accepted any further. |
| How | Explained he will continue raising policy rates to adjust the degree of monetary easing. |
What it means for me
Greater yen exchange rate volatility could affect costs of travel to Japan and direct purchases from Japan.
Self-employed people trading with Japan need to prepare for exchange rate fluctuations.
