BoJ Governor Ueda Signals Further Rate Hikes if Inflation Risks Rise

Bank of Japan Governor Kazuo Ueda has signaled that the central bank will continue to raise interest rates if inflation risks grow. According to PANews, Ueda stated on the 18th that he will keep raising rates depending on economic, inflation, and financial conditions. Ueda also mentioned closely monitoring the impact of Middle East tensions, yen fluctuations, and artificial intelligence (AI) demand. The Bank of Japan said it will adjust the timing and pace of rate hikes while assessing whether its baseline economic and inflation outlook scenarios are achievable and checking related risks.