Reported 26 days ago
Minutes from the Bank of Japan's June meeting indicate that some policymakers believe there is room to raise interest rates if U.S. trade friction dissipates. While the central bank opted to keep rates steady at 0.5% due to economic risks from tariffs, rising inflation, particularly in food costs, is prompting a shift in considerations. The BOJ is wary of high uncertainty but acknowledges the importance of responding flexibly to economic developments, particularly as wage growth and inflation outpace expectations.
Source: YAHOO