Reported 2 days ago
The Bank of Japan (BOJ) remains watchful of persistent food inflation, which may lead to earlier-than-anticipated interest rate hikes. Despite uncertainties from U.S. tariffs, BOJ Governor Kazuo Ueda indicated that rising food prices, particularly for staples like rice, could threaten inflation expectations. As core inflation in Japan hit 3.0%, the BOJ's willingness to act is underscored by concerns over domestic price pressures, prompting discussions on adjusting monetary support sooner than planned. Ueda's comments emphasize the potential impact of ongoing inflation on the bank’s policy direction.
Source: YAHOO