Governor of the Bank of Japan: If economic and price conditions continue to improve, the Bank of Japan must correspondingly raise policy interest rates
The Governor of the Bank of Japan, Kazuo Ueda, stated that if economic and price conditions continue to improve, the Bank of Japan must correspondingly raise policy interest rates. If monetary policy remains too loose, it may force the Bank of Japan to rapidly increase interest rates, which will have a negative impact on sustainable economic growth.
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