Bank of Japan's Junko Ogushi Advocates for Measured Policy Rate Hikes

Deep News05-21 09:51

Junko Ogushi, a member of the Bank of Japan's Policy Board, stated that it is reasonable for the central bank to raise its policy rate at an appropriate pace. This approach aims to address high inflation while considering the trade-offs for the economy.

Speaking to local business leaders in Fukuoka, western Japan, on Thursday, Ogushi noted that the core inflation rate is already around 2%.

Given the situation in the Middle East, she believes there is a possibility that the core inflation rate could exceed 2% in the future.

The Bank of Japan needs to continue raising interest rates and adjusting the degree of monetary easing based on developments in economic activity, prices, and financial conditions.

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