Bank of Japan Signals Further Interest Rate Hikes

Bank of Japan Deputy Governor Ryozo Himino signaled readiness to raise borrowing costs as underlying inflation nears the central bank target. Financial conditions remain loose despite recent rate hikes.

Xurve View
Insights:
Bank of Japan Deputy Governor Ryozo Himino speaks during an interview with Reuters in Tokyo, Japan, June 28, 2023. REUTERS/Kim Kyung-Hoon

Japan's underlying inflation sits close to the central bank's 2% target, Deputy Governor Ryozo Himino said on Wednesday, signaling readiness to lift borrowing costs further.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.