BOJ deputy governor Himino calls for 'timely' rate hike
URAWA, Japan – Bank of Japan Deputy Governor Ryozo Himino called for a timely interest rate hike on Thursday, suggesting it would prevent a future surge in inflation that could lead to abrupt rate increases. Himino warned that if underlying inflation surpasses the 2% target, it would negatively affect the economy. In his speech to business leaders, he emphasized the need to pay more attention to upward price pressures compared to the past.
Himino proposed conducting thorough deliberations at each monetary policy meeting, taking into account these concerns.
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Also reported by 4 other outlets
- BoJ’s Himino: Persist in raising rate, adjust monetary support based on economic, price fxstreet.com
- BOJ deputy governor Himino calls for ’timely’ rate hike investing.com
- BOJ deputy chief calls for more rate hikes on inflation risks mainichi.jp
- BOJ deputy governor Himino calls for 'timely' rate hike channelnewsasia.com
