BoJ ready to raise interest rates

By Reuters

Aug 29, 2024 12:16 am

TOKYO — Bank of Japan (BoJ) Deputy Governor Ryozo Himino on Wednesday reiterated the central bank's stance that it would continue to raise interest rates if inflation stayed on course, while also closely monitoring financial market conditions.

His comments echo those from Governor Kazuo Ueda last week, who suggested that recent market volatility would not derail its long-term rate hike plans.

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