BOJ chief vows to keep raising rates, debate price risks this month

Bank of Japan Governor Kazuo Ueda pledged to maintain interest rate hikes to adjust accommodative financial conditions. During a news conference on Sep 1, Ueda hinted at a possible September rate increase, citing the need to evaluate upside inflation risks and potential economic impacts. He discussed these concerns with the US Treasury Secretary, Scott Bessent, who urged decisive monetary steps to combat a weak yen.

The BOJ reported that economic and price conditions were in line with their projections, and they would continue monitoring factors like the Middle East conflict's impact on inflation and robust AI-related demand.