BOJ Himino Says Middle East Conflict Will Guide Rate Path
Deputy Governor Ryozo Himino stated the central bank will adjust interest rates based on how Middle East tensions impact economic and price forecasts. He emphasized the need for appropriate rate hikes to maintain market trust while monitoring global yield spikes and energy costs.
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Bank of Japan Deputy Governor Ryozo Himino said the central bank will adjust interest rate hike timing based on Middle East conflict risks. Markets currently price an 80% probability of a rate increase during the policy meeting on June 15-16. Volatile energy costs threaten the 2% inflation target for Japan, an economy heavily dependent on fuel imports.
