(ANSA) – MILAN, AUGUST 23 – The Bank of Japan will not give up on raising interest rates if inflation and macroeconomic data continue to be in line with its forecasts. This is the indication of the governor of the Bank of Japan, Kazuo Ueda, in his first public statements after the crisis in global markets that erupted at the beginning of August with the first decisive increase by the Boj. “If we are able to confirm a growing certainty that the economy and prices will remain in line with forecasts, our position will not change: we will continue to adjust the degree of easing,” said the president of the Bank of Japan Kazuo Ueda in response to questions in Parliament. When asked about the storm that hit the markets at the beginning of the month, Ueda – Bloomberg reports – cited concerns about the state of the US economy as the trigger and added that the “exaggerated” worries have since subsided. However, Ueda signaled that he does not intend to rush the next rate hike, reiterating the need to carefully monitor the impact of financial market instability on inflation forecasts. (ANSA).
© ALL RIGHTS RESERVED