BOJ will keep raising rates if economy moves as forecast, Governor Ueda says

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TOKYO : Bank of Japan Governor Kazuo Ueda said on Friday the central bank will continue to raise interest rates if the economy moves in line with its forecast.

FILE PHOTO: Staff members of Bank of Japan walk between the BOJ headquarters buildings in Tokyo, Japan September 20, 2023.

While consumer inflation has moved above the BOJ's 2 per cent target recently, the recent rise was driven mostly by cost-push factors such as rising food and fuel prices that will likely dissipate later this year, he told parliament.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Mediacorp File Walk Tokyo Bank Staff Continue Experience Photo: Japan Members

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-31 @ 13:53:19 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 141 words

Reading Time: 1 minutes read

Sentences: 10 lines

Sentence Length: 15 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 25661569

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