International · Planned · 3 sources combined
Bank of Japan governor issues warning
Commits to continued rate hikes
In short
Bank of Japan Governor Ueda said prices must not rise further.
He indicated the bank will continue raising interest rates going forward.
The Bank of Japan will discuss this again at meetings on the 29th and 30th of this month.
Key facts
| When | Press conference at G20 Finance Ministers and Central Bank Governors meeting in Bangkok, Thailand on the 16th (local time). |
|---|---|
| Who | Kazuo Ueda, Governor of the Bank of Japan. |
| What | Stated that underlying inflation rate has approached 2% and must not rise further. |
| How | Said the bank will continue raising its policy rate to adjust the degree of monetary easing. |
What it means for me
General readers should pay attention to yen exchange rate fluctuations and changes in Japan travel costs and import prices.
