Bank of Japan Governor: Price trends in the second half of the year will align with targets, and if the outlook is achieved, interest rates will continue to rise

At the afternoon policy briefing, Bank of Japan Governor Kazuo Ueda stated that if the economic and inflation forecasts are realized, the Bank of Japan will continue to raise interest rates. He noted that the impact of foreign exchange on prices is greater than ever.

In the morning, the Bank of Japan latest interest rate decision "remained unchanged", and in the concurrently released economic outlook report, it indicated that inflation risks are tilted to the upside for the fiscal year 2025, with potential CPI inflation expectations rising. The economy may continue to grow at a rate higher than the potential growth rate. If the aforementioned economic and inflation outlooks are realized, it will correspondingly continue to raise interest rates and adjust the degree of monetary easing.

(Continuously updated...)